[Foundation-l] [ANNOUNCEMENT] Greenspan illustration project

[Brian McNeil]

As someone resident in Belgium I would be required to declare any income I
got from doing illustrations for the Foundation.

Simple for me as I'm already self-employed, but a full-time employee would
have tax headaches over the income.


Brian.

-----Original Message-----
From: foundation-l-bounces at lists.wikimedia.org
[mailto:foundation-l-bounces at lists.wikimedia.org] On Behalf Of GerardM
Sent: 03 November 2007 02:04
To: Wikimedia Foundation Mailing List
Subject: Re: [Foundation-l] [ANNOUNCEMENT] Greenspan illustration project

Hoi,
Indeed. But in all instances, it is none of our business nor of the WMF how
the donor handles it re his taxes. When we accept a gift and spend it within
the limitations associated with that gift, how the WMF pays applicable taxes
is of no concern to either the donor or to the Wikimedia community as it is
part and parcel of spending the money.

It is unlikely that the US tax office will restrict us from spending money
outside the US and consequently I do not understand at all why it is
relevant to consider taxes.
Thanks,
    GerardM


On 11/3/07, Sue Reed <sreed1234 at yahoo.com> wrote:
>
> ----- 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
>
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