[Foundation-l] WMF seeking to sub-lease office space?

[Gregory Kohs]

So, not having known that 3,000 square feet was the sum total of the
current WMF space on Stillman, my original but unpublished hunch was
correct.  I'll quote an e-mail I wrote Sept. 3rd, at 4:39 PM:

"...If I had to formulate a theory, I'd say [Sue Gardner] thinks that
she's hired enough [personnel] that they now have the gravitas to move
into a new, bigger place of their own in San Francisco.  Stillman
Street was initially held up as a 'starter' home in San Francisco, so
this is just the logical next step now that grant money is pouring
in."

A little bird suggested I ask if the Foundation will be filing a Form
990-T once it finds a tenant, as it would be a business activity over
$1,000 unrelated to a non-profit mission and would thus possibly
trigger IRS rules regarding Unrelated Business Income Tax (which are
rather strict).  Among other things, the 990-T is a public form, so it
would force the Foundation to disclose further information on its
operations.

Then again, Wikipedia offers a very curious, opinion-based "original
research" assessment of this factor here:

http://en.wikipedia.org/wiki/Unrelated_Business_Income_Tax#UBIT_in_an_IRA

"This is possibly a myth."

The sum of human knowledge, folks.

-- 
Gregory Kohs