Ten people contributed $100 each.  Then they gave it away.

Instant Grant Program from Steve Lambert on Vimeo.

They call themselves The Federation of Students and Nominally Employed.  Check out their website.  There’s really not a whole lot there, but there’s a little more information here.  They take their inspiration from Jon Rubin, whose web-base is here.  Rubin is

a multi-disciplinary artist whose work explores the social dynamics of public contexts and the idiosyncrasies of individual and group behavior.