@@ -174,25 +174,25 @@ meaning the assets cannot be transferred to an individual or a for-profit
entity. Generally, a project would either find another fiscal sponsor or
form their own independent tax-exempt non-profit.</p>
<p>We fully expect that some Conservancy projects will ultimately wish to
form their own non-profit 501(c)(3) organizations; that's why we design
our agreements with projects to allow them to leave to another 501(c)(3)
organization. Typically, projects join Conservancy because the project
leaders don't want the burdens of running a non-profit themselves.
Often, as projects grow, leaders get interested in the non-profit
management and organizational side of the activities and are then
prepared to take on the additional work themselves.</p>
<h2>How are “product leaders” defined with respect to Conservancy?</h2>
<h2>How are “project leaders” defined with respect to Conservancy?</h2>
<p>How leaders are chosen for projects varies greatly from project to
project. Our goal is to do our best to embody the “natural”
leadership structure that evolved in your project into the formal
agreement with Conservancy. As part of the agreement drafting, we work
carefully with you to understand your project's governance and write up
formally with you the decision-making process you use. Most project
contributors find this process of formalizing the leadership structure
helps them clarify in their own minds the governance of their project,
even though the process can be difficult. Since it can be a complicated
process, we suggest that you prepare your project community for this
discussion once your project is accepted.</p>