[Foundation-l] Update of the Gift Policy

[daniwo59 at aol.com]

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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