Editing Scholarship DAO (section)

== Overview ==
A Scholarship DAO (SDAO in this context) uses the REP salary scheme of [[DAO Governance Framework|DGF]] to motivate people to do jobs that contribute to the scholarship fund. The money that is brought in is then given later for scholarships—like savings.

Example work: young students work (mowing lawns, e.g.) to earn future scholarship money that is at least the amount earned (minus DAO overhead) in present value, because they earn REP that is paid out when they go to an approved educational experience, such as a college, trade school, or verified mentor. The money received is at the value they put into the DAO, because the donors will be more likely to consider students who participate when deciding where to distribute their donations.

Non students can also work or donate directly to the fund to get REP for deciding where their proportion of the money goes. Donor REP and student work REP is the same, because it gives the same $ to the Scholarship DAO, so it has the same power for deciding where the money goes. The main difference is that, presumably, the student will use most of their REP to give the money to themselves.

The main value proposition for this structure is that it can accurately account for the money, so the system can be set up so employers can agree to accept jobs devoted to this scheme, knowing it will serve the good of their communities.