Changeset - 9faa28f04f30
[Not reviewed]
0 1 0
Bradley Kuhn (bkuhn) - 13 years ago 2010-10-04 13:35:52
bkuhn@ebb.org
Wordsmith and rewrite of the first service listed.
1 file changed with 4 insertions and 4 deletions:
0 comments (0 inline, 0 general)
www/conservancy/static/members/services/index.html
Show inline comments
...
 
@@ -17,28 +17,28 @@
 
   Since Conservancy is a 501(c)(3) charity incorporated in New York,
 
   donors can often deduct the donation on their USA taxes.  Additionally,
 
   the donors can indicate that their donation should be used to advance a
 
   specific member project, and those funds are kept in a separate account
 
   for the member project by Conservancy.  This structure prevents
 
   developers from having to commingle project funds with their own
 
   personal accounts or having to set up their own project specific
 
   account.</p>
 

	
 
   <p>Since the Conservancy is a tax-exempt organization, there are some
 
   limits that the law places on what member projects can do with their
 
   assets, but those limits are the same as if the project was an
 
   independent non-profit entity.  Usually, the project leadership can
 
   then indicate to Conservancy's leadership how the funds should be spent
 
   to advance the project and Conservancy permits these funds to be spent
 
   in any way that is appropriate activity under Conservancy's 501(c)(3)
 
   independent non-profit entity.  Usually, the project leadership
 
   instructs Conservancy's leadership how spend the funds for the project
 
   and Conservancy sends these funds on the project's behalf in any way
 
   that is appropriate activity under Conservancy's 501(c)(3)
 
   not-for-profit mission.  Some typical uses of earmarked donations by
 
   Conservancy's member projects are:
 
<ul>
 
<li>funding travel expenses for project developers to attend relevant
 
  conferences.</li> 
 

	
 
<li>domain name fees, bandwidth costs, and computer equipment
 
  purchases.</li>
 

	
 
<li>purchasing media for distribution of project software at conferences
 
  and events.</li>
 

	
0 comments (0 inline, 0 general)