"stevertigo" stvrtg@gmail.com wrote in message news:7c402e010907301615q7f86e8a1v5edb56ced5a80a18@mail.gmail.com...
Sorry, thought this was going to foundation-l.
-S
On Thu, Jul 30, 2009 at 3:14 PM, stevertigostvrtg@gmail.com wrote:
It occurs to me that when people donate money to something, it is to some degree with an expectation that the recipient entity grows to eventually gain a certain kind of financial self-sufficiency. Is this not also the case with Wikimedia and many charitable donations to it?
Carcharoth answered that question in October or November: can't do it for reasons in 501(c) that give us tax advantages. For those tax advantages, we forfeit our ability to acquire self-sustaining amounts of investment wealth; forfeit becoming a donor institution like Carnegie was or is. Do not sweat it. It is more important to carve policy that is well understood, that serves to distinguish our standards from other channels, that is consistent, and that is therefore complied with. That alone would make us self-sustaining. _______ My mind is like a blotter: Soaks it up, gets it backwards, and if it is a mess to begin with, then you get a Rorshach.