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A portmanteau of the words VOTE and DONATE, used to describe the process of voting in a Gitcoin Quadratic funding round. In a QF round, you can VOTE for public goods projects you believe deserve to be funded by DONATING as little as $1 to them. (This eliminates most SPAM and vote-botting, and also sets a minimum bar of conviction.) Your pledge is then matched by larger corporate and organizational donors using an algorithm that rewards breadth of support over individual donations. In other words, a $1 VONATION can result in many times that amount of funding being provided to organizations who need it.
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