On 1/16/06, Jon <thagudearbh(a)yahoo.co.uk> wrote:
Now we're pretty much sure of our route to
incorporation, it's probably
worth starting to look beyond (those not at yesterday's meeting will have to
await James's minutes to see what happened!). I'm interested in looking at
what bank we should be having - I know there's already one suggestion on the
mailing list, and I'll be looking at a number of options myself - but if
anyone has other useful suggestions, let me know.
I think the main requirements, in no particular order, are (i) as few as
possible charges; (ii) experience of dealing with charities; (iii) will
allow us to have a deposit account; (iv) ease of access (ie so it is easy to
pay things into and out of the account). Please note - we are not really
allowed to take into account ethical considerations when making financial
decisions (though obviously if a bank was somehow acting completely against
our objectives, it would be reasonable to rule it out as our banker!).
Jon
We should also consider the cost of passing funding to charities
operating in other countries, and receiving grants in other
currencies. My guess is that one US foundation in particular is likely
to qualify for extensive funding from wiki educational resources.
However, Jon's points (i) to (iv) are probably more important.
Andrew