[Foundation-l] [ANNOUNCEMENT] Greenspan illustration project

[Sue Reed]

----- Original Message ----
From: GerardM gerard.meijssen at gmail.com

Once money has been given to the WMF, the WMF can spend the money where it
wants. People or organisations may deduct taxes under certain conditions. If
these conditions are met is none of our business.
Thanks,
    GerardM


That's not actually true. US-based non-profits typically have restricted funds and non-restricted funds. Money given under non-restricted funds can be used however the non-profit feels is necessary. However, money specifically given to certain projects must be used for those projects. Reading Cary's email, it looks like this gift was given *specifically* for use in creating various illustrations for Wikipedia projects. That is the only thing that the money can be used for. IANAL and don't have access to the specifics of the grant, but things like employment taxes would probably be covered. Most grants require specific accounting back to the people giving the money on how they funds were spent. 

Sue Anne
sreed1234 at yahoo.com