ETHOS DISCOVERY PHILANTHROPIC STRATEGY
Ethos Discovery will prioritize the use of donations and support in-kind from Ethos Veterinary Health to initiate and launch new scientific projects.
The scientific and philanthropic missions of Ethos Discovery are highly supported within both Ethos Discovery and Ethos Veterinary Health. All the members of the Ethos Discovery Board and 100% of the Ethos Veterinary Health Executive leadership are individual donors to Ethos Discovery.
- Ethos Discovery incorporates these “seed funds” with additional revenue streams from philanthropic gifts and grants to support scientific research.
- Ethos Veterinary Health will support many of the administrative elements necessary for the launch of Ethos Discovery, including, but not limited to, legal, compliance, strategic, administrative, and other operational costs. These in-kind donations have been estimated to be $1,000,000 per year.
- Donations from Ethos Veterinary Health will allow future donations to be fully applied to research projects without a need for donations to support administrative, personnel, or overhead costs. As a result, 100% of new donations will directly fund Ethos Discovery research.
Ethos Discovery estimates the total budget for each project will range from $200,000 – $1,000,000 per year. Initially, we expect that approximately 30% of a specific project’s funding will come from Ethos Veterinary Health seed-funding, with the remainder being sourced through competitive scientific and small business grants and philanthropic donations.
Potential donors will include private individuals, private foundations, industry-sponsored foundations, and “angel” donors.