Delirium wrote:
Gregory Maxwell wrote:
I'd guess the open questions would be:
1) How would this impact the charitable non-profit status of WMF?
The general rule is that a non-profit organization should have at least
one-third of its annual income come from a combination of: governmental
donations, donations from other public charities, and small (less than
2% of total income each) donations from the general public and private
charities (large donations can still have the first 2% counted). If
that all adds up to less than 1/3, things get considerably more complicated.
Whether advertising income would cause a problem depends on how much we
expect to get, and how much in large donations from private individuals
and charities we typically get.
-Mark
Interesting information. Do you have any further detail. Is the
above a good general guideline because it is mandated by law; accepted
as good practice by accountants, IRS, rating organization, possible
donors or other?
Any background you care to provide regarding where you gained this
knowledge would also be appreciated but I can follow up elsewhere if you
do not care to provide that private information on a public mailing list.
Thanks for the information.
Sincerely,
lazyquasar