# ZIP: Establish the ZCG Treasury Committee

**URL:** <https://forum.zcashcommunity.com/t/zip-establish-the-zcg-treasury-committee/59048>\
**Category:** Governance\
**Created:** [November 9, 2026, 1:11am UTC](https://forum.zcashcommunity.com/t/zip-establish-the-zcg-treasury-committee/59048 "2026-11-09T01:11:41Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![emersonian](https://sea2.discourse-cdn.com/zcash/user_avatar/forum.zcashcommunity.com/emersonian/32/42565_2.png) [@emersonian](https://forum.zcashcommunity.com/u/emersonian)\
**Post date:** [November 9, 2026, 1:11am UTC](https://forum.zcashcommunity.com/t/zip-establish-the-zcg-treasury-committee/59048/1 "2026-11-09T01:11:41Z")

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This ZIP changes how Zcash Community Grants (ZCG) manages its funds.

ZCG is required to form a separate Treasury Committee of at least three people. Only the Treasury Committee may buy, sell, or convert ZEC, hedge, or set budgets. The ZCG grants committee makes grant decisions only, and no person may sit on both committees.

ZCAP selects every member for a one-year term, sets their pay, and can remove a member by a two-thirds vote. Until the Treasury Committee is formed, the grants committee may not decide to buy or sell ZEC.

The Treasury Committee must publish a ten-year budget, a treasury plan, and a strategy for hedging the risk of a fall in the price of ZEC by 31 March 2027, and update them every year.

[ZIP: ZCG Treasury Committee, Budget, and Hedging Plan](https://github.com/emersonian/zcash-zips/blob/draft-emersonian-zcg-treasury-committee/zips/draft-emersonian-zcg-treasury-committee.md)

[Github Pull Request](https://github.com/zcash/zips/pull/1453)