Loading...
Loading...
The complete taxonomy of capital: (1) Debt—extracts interest, creates liability; (2) Equity—extracts profit, shares ownership; (3) Grants—no extraction but terminal (capital depletes); (4) Regenerative Capital—no extraction, perpetual (capital recycles). PSC is the primary implementation of regenerative capital.
A foundation considering how to deploy $1M can choose: loans (get repaid + interest), equity investment (get ownership + dividends), grants (give away once), or PSC (give as gift that recycles).
RCT Section 2.2