@@ -20,13 +20,13 @@
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
<p>Since 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
instructs Conservancy's leadership on how the project's funds are spent.
Conservancy spends these funds on the project's behalf on any expenses
that constitute appropriate activity under Conservancy's 501(c)(3)
@@ -58,13 +58,13 @@
<p>Conservancy can hold any assets for the project on its behalf. This
includes copyrights, trademarks, domain names, physical computer
equipment or anything that should be officially held in the name of the
project. Member projects are not required that Conservancy hold all
assets of a project. (For example, member projects are
not <em>required</em> to assign copyrights to the Conservancy.)
not <em>required</em> to assign copyrights to Conservancy.)
However, Conservancy can accommodate the needs of projects that want
their assets under the control of a not-for-profit entity and exercised
only for the public good.</p>
<h2>Contract Negotiation and Execution</h2>
@@ -108,16 +108,16 @@
<p>Conservancy provides various tools and advice to member projects on
methods of raising funds for their projects' earmarked accounts.</p>
<h2>Avoid Non-Profit Administrivia</h2>
<p>Member projects can continue to operate in the same way they did before
joining the Conservancy without having to select a board of directors or
joining Conservancy without having to select a board of directors or
any other layer of corporate management, without having to maintain
corporate records and without having to do any of the other things
required of incorporated entities. The Conservancy handles all of that
required of incorporated entities. Conservancy handles all of that
burden on behalf of its projects.</p>
<h2>Leadership Mentoring, Advice and Guidance</h2>
<p>Many of Conservancy's <a href="/about/board">directors</a> are