Governance

Seven rules. Four organs. One public ledger.

A $1.7T program envelope cannot be governed on trust. It has to be governed on architecture. This is ours — drawn from Japan's FILP examiner discipline and Singapore's endowment separation, and made public by default.

$1.7T
Governed envelope, FY26–31
0.37%
Operating ratio, capped at 0.4%
7 days
Maximum ledger latency
The Architecture

Four organs, deliberately separated

Standards, capital, examination and disclosure are held by four separate bodies. No individual sits on more than one. The firewall is the product.

Organ 01

The Standards Council

Certifies what counts as a verified outcome.

Independent domain experts — one per SDG cluster — write and revise the outcome standards (a poverty exit, a healthy life-year, a tonne of carbon cut). They never touch capital. Their sole product is the definition of proof.

Organ 02

The Capital Board

Allocates the $1.7T program envelope.

Deploys capital against certified standards on a 180-day reallocation cycle. Cannot alter a standard, cannot exempt a manager, cannot override an examiner finding. Answers to the two-key rule on every reserve draw.

Organ 03

The Examiner Office

Line-item review of every capital stack.

Statutory ex-post evaluation modeled on Japan's FILP examiner regime. Publishes findings in full. A stack that fails two consecutive reviews is defunded automatically — no board vote required.

Organ 04

The Public Ledger

Logs every transaction within seven days.

Not a committee — a discipline. Every rupee in and out, every donor, every counterparty, every reserve draw, published on this site within a week. The ledger is the reason the other three organs are trusted.

The Fiscal Constitution

Seven rules that govern every dollar

Seven rules, drawn from Japan's FILP program-investment discipline and Singapore's endowment and standards-body practice, govern every dollar in the $1.7T program envelope.

  1. 01

    Capital formation only

    Every dollar funds capital formation with an identified repayment source — never an operating subsidy.

  2. 02

    Program account separation

    Standards and dashboard operations are financed separately from the capital account, so investment can never drift into overhead.

  3. 03

    Block budgets against outcomes

    Executing stacks receive a single budget tied to verified-outcome KPIs, not line-item approval — autonomy at the edge, discipline at the gate.

  4. 04

    Two-key reserve protection

    The Countdown Reserve and all buffer pools require sign-off from the Authority board plus an independent council before any draw.

  5. 05

    Endowment spending cap

    No more than 50% of expected long-run real returns may be spent in any year, protecting the program's seed capital permanently.

  6. 06

    Examiner scrutiny

    Every capital stack faces line-item examiner review and statutory ex-post evaluation, the way Japan's FILP program is audited.

  7. 07

    Standards and managers separated

    The body that certifies outcomes never manages the capital that profits from them — the firewall that keeps verification credible.

The Proof Layer

How a claim becomes a verified outcome

The mechanism that separates a narrative from an outcome. Every claim on this program travels the same five steps — no exceptions, no shortcuts, no closed-door adjudication.

  1. Step 01

    Standard

    The Standards Council publishes what counts. Written in operational detail — sample size, measurement window, adjudication rule.

  2. Step 02

    Claim

    An executing stack submits an outcome claim with raw data and methodology. Nothing is trusted on narrative.

  3. Step 03

    Verification

    An independent verifier — never the manager, never a related party — attests against the standard. Attestation is signed and versioned.

  4. Step 04

    Publication

    Verified outcomes are posted to the public dashboard within 30 days. Rejected claims are also posted, with reason.

  5. Step 05

    Reallocation

    At the 180-day cycle, capital moves toward whatever cleared verification fastest per dollar. Nothing is entitled to funding it has not earned.

Checks and Limits

The numbers that bind us

Governance without hard numbers is a mission statement. These are the constraints written into the charter — quantitative, auditable, non-negotiable.

Two-key rule
≥ $2,500

Any expense above $2,500 or any reserve draw requires sign-off from the Capital Board plus an independent councilor. No single signature moves material capital.

Ledger latency
≤ 7 days

Every transaction is posted publicly within a week. A ledger entry missing past day seven is itself a reportable governance failure.

Reallocation cadence
180 days

Capital is rebalanced twice a year against verified outcomes per dollar. No stack has a permanent line item.

Endowment spend cap
≤ 50%

In any year, spending is capped at half of expected long-run real returns, protecting seed capital in perpetuity.

Operating overhead
≤ 0.4%

Foundation opex is contractually capped at 0.4% of program envelope. FY26–31 plan runs at 0.37%.

Firewall
Absolute

The body that certifies outcomes never manages the capital that profits from them. Cross-appointments are prohibited by charter.

The Public Ledger

The Public Ledger

Every donation, grant and expense is logged within 7 days of transaction.

SetRight Foundation public ledger — seed period
DateDescriptionCategoryAmount
2026-07-18Section 8 incorporation — MCA filing feesFormation−INR 6,500.00
2026-07-18DSC and DIN — two directorsFormation−INR 3,200.00
2026-07-22Domain registration — setrightfoundation.org (3 yr)Infrastructure−INR 2,400.00
2026-07-22Domain redirects — setright2030.org, setright.coInfrastructure−INR 3,100.00
2026-07-25Founder — first capitalizationContributionINR 25,000.00

Seed-period entries above cover incorporation and infrastructure. All future contributions, grants and disbursements will appear here within seven days of the transaction, with counterparty and category disclosed.

People

People

Advisory board seated month 6: one funder-credible elder, one sector operator, one community representative from the pilot district. Minutes are published.

Seat

Funder-credible elder

A senior figure with philanthropic and institutional standing, chair of the advisory board.

Seat opens — month 6
Seat

Sector operator

A practitioner who has built and scaled an outcome-verified program in the field.

Seat opens — month 6
Seat

Community representative

A voice from the first pilot district — vote and veto over local execution decisions.

Seat opens — month 6

Governance is only useful if it is watched.

Read the blueprints these rules govern, or join the Capital Guild and help engineer the pipeline the ledger will track.