Heya @Brenner sharing a perspective -
1. The Foundation does more than just disburse grants
Looking at the jobs posted, there are also roles involved that do not only manage the ‘fund’ such as governance, community, devrel.
About 3 roles (1/4) are directly managing the grants disbursement which if we simply take that as a guidance would be about $3.5M of the operating budget. 6% of $60M is $3.6M.
As @devinwalsh pointed out in this reply here, there’s a lot more than goes on in a Foundation than just disbursing grants.
2. The pay is reasonable when looking at existing nonprofits
Just very quickly, searching up a report on salaries for nonprofits - the level of pay for a disbursement > $50M is about 280k annually for VP-level staff. 280k * 12 staff * 3 years leads us to $10.08M. The budget allocated for salaries is $10.3M which is very close. Considering that running a foundation in Web3 requires specialised skillsets, I’d say that the foundation could definitely afford to pay more.