Thanks for putting this together Coltron.
I agree with Brantly on not tying the budget to the past year gross revenue, but a longer window. Maybe instead of “20% of the last year revenue” it could be “4% of the last 4 years of revenue combined”.
I agree that updating SPP3 is urgent. I would normally object to a proposal that contains already the members, but in interest of time (and the fact I approve the proposed members) I will not object.
I think we should not necessarily need explicit rules on how the new committee will do in SPP4, either they can be reelected and such, because I think ideally moving forward that could be the main job of the board of directors of the foundation. I don’t see why we would need two overlapping boards.
I would even go further and say that, once the new board of directors for the ENS foundation is in place I would argue that budget should be their main responsibility: they should cap ALL spending at something like 80% of the average revenue of the last 4 years (by revenue this would include yields from the endowment), and have a yearly budgeting session for everything, including their own compensation, any steward compensation, grants, service providers, Labs Budget, conference sponsorships etc.