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description: 'DRAFT - Working document: 12 May 2024'
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# Foundation Grants

### Purpose <a href="#h.3as4poj" id="h.3as4poj"></a>

**Objective**: Support strategic initiatives, contributions, and partnerships that accelerate ecosystem growth, infrastructure development, and adoption of XR One games and its ecosystem.

### **Funds**

* ARB, USDC/T and ETH from the Foundation
* $XR Tokens from The XR Treasury

### **Proposal Process**:

1. **Inquiry**: Potential grantees submit a brief summary of their project to the Foundation
2. **Invitation**: The Foundation reviews inquiries and invites select applicants to submit a full proposal.
3. **Submission**: Invited applicants submit detailed proposals, including but not limited to gameplay, team qualifications, milestones, and funding requested.
4. **Evaluation**: The Foundation evaluates proposals based on their strategic fit, feasibility, cost/benefit, and potential to drive ecosystem growth. The Foundation may request additional information (which may include KYC/KYB information) or interviews with applicants. The Foundation may also require each grantee to execute an agreement outlining the goals and objectives of the grant to such grantee.
5. **Approval**: For grants paid in $XR, the Foundation may engage a service provider or employee of the Foundation to approve and disburse funds. For grants paid in ARB, USDC/T or ETH, the Foundation follows its internal approval process and may engage a service provider or employee of the Foundation to disburse funds.
6. **Announcement**: Approved grants are announced to the community on the Governance Forum.
