On Mon, Aug 10, 2009 at 11:23 AM, Jay
Litwyn<brewhaha(a)freenet.edmonton.ab.ca> wrote:
"stevertigo" <stvrtg(a)gmail.com> wrote
in message
>
> On Thu, Jul 30, 2009 at 3:14 PM, stevertigo<stvrtg(a)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?
I normally expect this.
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;
This is untrue. You can qualify as a publicly supported charity as
long as 10% of total support/revenue comes from government funds and
from public donations. (If over a third comes from government and
public contributions, you're golden; but if you are clearly a publicly
supported entity such as a library or educational institution,
organized to 'attract new [government and public] support' you can get
by with just 10%)
http://www.irs.gov/pub/irs-pdf/p557.pdf (see p.29)
We simply need to define a basic set of features and services that
will be covered entirely by a self-sustaining foundation; and can
raise further government and public funds to support new projects,
R&D, creative PR or outreach schemes, or a print Wikipedia 1.0 in
1,296 volumes...
SJ