The Bold Promise

Scrap tuition. Forever. Fund every seat with a self-sovereign Bitcoin Treasury that compounds long-term growth, shields near-term volatility, and turns your campus into a generational scholarship engine.

Core Mechanics (Simple, Powerful, Durable)

1. Two-Pool Structure
   
   • Perpetual Bitcoin Reserve (PBR): The never-sell, long-horizon core. Think 20–60% of treasury, time-locked and rebalanced within policy bands.
   • Tuition Stability Buffer (TSB): 3–5 years of projected tuition costs held in cash/T-Bills (and short ladders) to ride out crypto bear markets without flinching.
3. Spending Rule (Tuition-Free Glidepath)
   
   • Spend from the TSB each year using a 4-year rolling average of BTC market value to determine the next year’s TSB refill.
   • If BTC appreciates, refill the buffer and grow the PBR; if BTC draws down, keep tuition free by drawing the buffer while the PBR stays diamond-hands.
5. Drawdown Protocols
   
   • Pre-commit guardrails: no selling the PBR unless BTC experiences a multi-year extreme drawdown and the buffer falls below 2 years—then only temporarily sell to restore 3 years of runway.
   • No leverage by default. Emergency lines allowed at ≤10% LTV with auto pay-down rules. No rehypothecation. No yield farming.
7. BTC-Per-Student (BPS) KPI
   
   • North-Star metric: BPS = Total BTC / Enrolled Students.
   • Publish live, on-chain “Proof-of-Tuition” addresses and a runway clock: “Scholarship runway: 4.3 years fully funded.”

Governance & Risk (Institutional-Grade)

• Multi-sig cold storage (e.g., 3-of-5) split across CFO, Treasurer, external fiduciary, and independent trustee; time-locked vault for PBR.
• Policy Bands: BTC allocation 20–60% with quarterly rebalance windows; TSB minimum 3 years (hard floor 2 years).
• Audit & Proofs: Annual financial audit + cryptographic proof-of-reserves; SOC 2 custodians; segregation of duties; board-approved Investment Policy Statement (IPS) addendum for digital assets.
• Compliance: UPMIFA-aligned prudent investor language, OFAC/KYC controls for donations, GAAP/FASB digital asset treatment, and clear tax counsel memos (501(c)(3) safe).

Funding the Engine (Day 0 → Year 3)

• Endowment Carve-Out: Start with 5–10% of the long-term pool allocated to the PBR/TSB structure.
• “Sats for Scholars” Drive: Alumni and corporate partners fund a BPS target (e.g., 0.1 BTC per student over 5–10 years). Name endowed cohorts, dorms, labs after BTC addresses.
• Matching & Challenge Gifts: Dollar-for-dollar (or sat-for-sat) matches during halving years and commencement season.
• Energy-to-Scholarship Mining (Optional): Convert stranded/cheap campus energy into BTC that feeds directly into the TSB.
• Legacy & Planned Giving: Bequests denominated in BTC with on-chain acknowledgments.

Operations You Can Trust

• Hard Rules: No lending out coins, no third-party yield schemes, no opaque derivatives. Keep it boring, secure, and auditable.
• Simple Liquidity: Quarterly TSB refills using TWAP (time-weighted average price) to reduce slippage/impact.
• Crisis Playbook: If BTC −80% and TSB < 2 years, (a) freeze new capital projects, (b) pause discretionary buybacks, (c) temporarily rebalance to restore 3-year buffer—tuition remains $0.

What “Free Forever” Looks Like (Illustrative)

• Mid-size university, 10,000 students. Current tuition revenue $200M/yr.
• Treasury structure at launch: $800M TSB (4 years runway) + $400M PBR in BTC.
• Outcomes over time:
  
  • Flat BTC (0%): 4+ years to diversify revenue and fundraising while remaining tuition-free; endowment and gifts replenish TSB.
  • Moderate growth cycles: Rolling average lifts annual TSB refills; runway extends to 6–8 years without raising a dollar of tuition.
  • High-growth cycles: Excess appreciation accretes to the PBR first, then expands enrollment, faculty hiring, and research—all while tuition stays $0.

(These are scenarios, not guarantees—the design is about insulation from drawdowns and asymmetric upside capture, not promises.)

Brand & Narrative (Own the Moment)

• “Tuition-Free Forever.” Trademark it. Put it on the front gate.
• Live On-Chain Dashboard: BPS, runway years, real-time addresses. Radical transparency = radical trust.
• Student Wallets 101: First-year seminar on self-custody, security, and cryptographic literacy. Graduate with a degree and a hardware-wallet skillset.

12-Month Rollout

0–90 Days: Form Digital Asset Sub-Committee; adopt IPS addendum; select custody; stand up multi-sig; publish BPS target.

90–180 Days: Seed TSB (≥3 years) and PBR; launch Proof-of-Tuition dashboard; kick off “Sats for Scholars.”

180–365 Days: First annual audit + proof-of-reserves; implement quarterly TWAP refills; announce Tuition-Free Class of 20XX.

Why This Works

• Asymmetry: BTC’s long-duration upside funds perpetuity; the TSB neutralizes volatility where it matters—students.
• Transparency: On-chain proofs beat glossy brochures; donors see impact in real time.
• Mission-Locked: “Never sell the core” culture aligns with the idea of a university as a 100-year organism.

One-Page Policy Summary (to hand your Board)

• Target mix: BTC 20–60% (PBR), Cash/T-Bills 40–80% (TSB).
• Hard floor: TSB ≥ 3 years of tuition (emergency at 2 years).
• Spending rule: 4-year rolling average; refill TSB quarterly via TWAP.
• Security: Multi-sig cold storage; no leverage (≤10% LTV emergency only); no rehypothecation; independent audit + PoR.
• KPI: BTC-Per-Student and Runway Years published live.
• Promise: Zero tuition. Zero debt. Forever.

If you want, I’ll package this into a board-ready 10-slide deck and a draft IPS addendum so you can take it straight to trustees. 🚀