I think that this is a very valuable policy to have, especially in view of the "implied obligations" that are mentioned. While the Foundation should seek out major donors, it should be recognized that sometimes these come with a cost. For example, if Bill Gates were to donate one billion dollars, there might be implied pressure to incorporate Microsoft products or, alternately, to give Mr. Gates a board seat as a result. In effect this resolution prevents such undo influence from occurring.
I am especially happy with the option of channeling the funds toward an endowment, as this ensures that such donations could have a longterm impact.
Well done,
Danny
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