I’m very happy to finally announce that the UK Hackspace Foundation has received a $300,000 donation from Handshake - this is around £225,000 at current exchange rates.
I’d like to emphasise that this donation is completely unrestricted and comes with no publicity or reporting requirements.
This money will allow us to provide grants and potentially loans to hackspaces around the UK, as well as securing the operation of the Foundation for the foreseeable future.
We will not be spending any of this money (aside from covering the current, extremely minimal, operational costs) until we have accepted a reasonable number of members and have appointed a committee to distribute grants.
I will also write up a short proposal for how we should manage and distribute this money in the next few weeks, on which comments will be welcome.