[Foundation-l] Update of the Gift Policy

[Gerard Meijssen]

Hoi,
I am sorry I do not understand. What is an "applicable tests for public
support". Why are donations from other charities exempt.
Thanks,
    GerardM

On Jan 21, 2008 1:18 PM, Florence Devouard <Anthere9 at yahoo.com> wrote:

> The board passed a resolution, which reads as
>
> --------------
>
> The mission of the Wikimedia Foundation is one of public benefit.
> Accordingly, the Foundation intends to operate as a publicly supported
> charity under Internal Revenue Service regulations, and financial
> support should come from a diversity of sources. If substantial
> financial support comes from a specific source, the Foundation should
> ensure that this support does not compromise the Foundation's mission,
> create implied obligations, or result in financial dependence on that
> source. In light of these principles, the gift policy is hereby revised
> to read:
>
> "Policy on the Receipt of Gifts …
>
> 3. An offer of a gift, if any part of the gift would not be qualifying
> support under the applicable tests for public support, shall be subject
> to review by the Board of Trustees. This includes unusual grants and
> other gifts in excess of the limits for qualifying support. The gift may
> be accepted or returned at the direction of the Board. The Board may
> also direct that all or a portion of the gift be set aside for a capital
> endowment, rather than being used for operating expenses.
> Contributions from other publicly supported charities are not subject to
> this limitation. For purposes of this provision, contributions made by a
> donor and any person in a special relationship to the donor are
> considered made by one person."
>
>
>
> http://wikimediafoundation.org/wiki/Resolution:Update_of_Gift_Policy_-_january_08
>
> http://wikimediafoundation.org/wiki/Gift_Policies
>
> Florence Devouard
>
>
> _______________________________________________
> foundation-l mailing list
> foundation-l at lists.wikimedia.org
> Unsubscribe: http://lists.wikimedia.org/mailman/listinfo/foundation-l
>