Foundation Treasury
90%Ecosystem reserves, empowerment grants, protocol liquidity and the infrastructure every FOUND product runs on. Capital is retained for the long horizon, not distributed for the short one.
Heritage charter
From a trading house in Ibadan to an open treasury
FOUND Africa traces its enterprise lineage to Madam Janet Alatede Ajike Ogan, whose Ibadan trading house built wealth the slow way: reinvest first, look after your people, and leave something behind for the generation that has not arrived yet. That ordering is not sentiment here. It is written into how money moves through the ecosystem.
The 90 / 9 / 1 rule
Every net profit figure reported by a connected FOUND application is split by a versioned governance policy before a single dollar is paid out. The percentages live in the treasury ledger as data, so a change of policy is a recorded governance act with a new version — and historical allocations keep the rule that produced them.
Operations & Staff Welfare
9%Operating overhead, compliance and the welfare of the people who build and run the operating entities — the enterprise discipline the trading house was known for.
Alatede Aboderin Alliance (AAA) Fund
1%A descendant-line endowment router. The slice splits 50/50 between a monthly disbursal pot and the Eternal Compounder Vault. The pot pays 90% across the six Alatede-Aboderin ancestral lines (20% each to Moyosore, Olajide, Jadesola and Olubunmi; 5% each to Sariyu and Ajibola) and 10% to the AAA Initiatives Fund for heritage, urban development and STEM.
How it is enforced
- Connected apps report consolidated net profit over a signed channel; each report is recorded once and cannot be double-counted.
- The active policy splits it into one allocation leg per destination, rounded to the cent, with any remainder falling to the Foundation Treasury.
- Legs settle in USDC on Base from the FOUND treasury wallet, and every settled leg carries a public transaction hash.
- The AAA Fund's beneficiary policy is set by the Alliance before its share is disbursed; until then its allocation accrues rather than pays out.
This page is the canonical public statement of the FOUND heritage and treasury charter.