“to foster cultural and technological innovation for underserved communities throughout the world, and enhance the public’s ethical approach to developing, adopting, and sharing such innovation”
On the Trust
The Trust on the Quality of Cultural and Technological Innovation was established to foster innovation in culture and technology for underserved communities throughout the world, and also enhance the public’s understanding of ethical approaches to developing, adopting, and sharing such innovation and the means available to them to help with or advocate reasonable regulation. The Trust is primarily interested in conducting work and supporting recipients who successfully do both simultaneously, since the aim is not simply an increase in effective innovation in and for Africa, its global diasporas, and structurally related communities, but also an increasingly robust ethics regarding the quality, need, influence, and regulation of any given innovation. Such coupled emphasis is in keeping with the Trust’s concern regarding an ongoing history of technological advancement that has benefited the few, often located outside the aforementioned communities, and a possible future where the costs and benefits of innovation are more equitable, humane, and transformative.
The Trust’s Finances
The Trust on the Quality of Cultural and Technological Innovation was established as part of the Declaration of Trust of the Chinyere and Chinelo Ikoku Charitable Trusts, and is subject to the general fiduciary responsibilities outlined in the Declaration.
These include stipulations that limit appropriated spending in any given year to no more than 5% of the three-year average market value of the Trust’s current principal, with no less than half of such annual spending dedicated to work on continental Africa.
It is also expected that spending be overwhelmingly dedicated to directly benefiting low-income communities and individuals. Such stipulations are in line with best practices to ensure that the Trust continues to exist in perpetuity and that it continues to have assets to carry out its charitable purposes during that time.
The Trust’s Projects (Actual and Proposed)
The Distribution of Cultural and Technological Innovation
The Report on Public Innovation
The Fellowship in Public Innovation
The Grant in Public Innovation
The Newsletter on Innovation