I have no problem with illumos handling earmarking. In the future, I'll want to take a percentage of such donations for illumos general use, but I expect it to be reasonable -- perhaps 20% or 25% - and that seems not inappropriate given that OI uses illumos as its base anyway.
As far as deciding how it gets spent outside of the earmark - I think the OI community will still need to appoint someone or a small body of people, to determine the further allocation of the earmark. That sounds like governance to me -- even if not much. - Garrett On Sep 7, 2012, at 2:46 AM, "Andrew M. Hettinger" <ahettin...@prominic.net> wrote: > I think this is alot of work for no gain. As long as the illumos foundation > is willing to earmark donations for us to use (even if they want to keep a > small amount to cover their expenses for doing so), and is fine with us > handling our governance ourselves I see no reason to go through the trouble > and cost of making a fully separate entity. This is not something that just > happens, there are legal hurtles, mostly to the initial separation, but to a > lesser degree ongoing in setting up to be able to accept donations and remain > in compliance with the law. > > The Illumos Foundation has been vary generous to provide us with hosting, > support, and not make any real demands on us in return. I think the best with > regard to this is to continue with our existing symbiotic relationship. > > Andrew Hettinger > http://Prominic.NET || ahettin...@prominic.net > Tel: 866.339.3169 (toll free) -or- +1.217.356.2888 x.110 (int'l) > Fax: 866.372.3356 (toll free) -or- +1.217.356.3356 (int'l) > > > <mag...@yonderway.com> wrote on 09/06/2012 03:32:41 PM: > > On Thu, 06 Sep 2012 14:15:48 -0600, Ken Gunderson <kgund...@teamcool.net> > > wrote: > > > > > Doesn't need to be a "C" corp. Keep it simple. Maybe an LLC or "S" > > > corp? > > > > Not if you want to accept tax-deductible donations. > > > > The cliff's notes: http://en.wikipedia.org/wiki/501(c) > > > > A 501(c)(3) may or may not be the right way to go. It's the kind of > > corporation that is attractive for people and corporations (and other > > Foundations, potentially) to make tax-deductible donations to. But there > > are responsibilities involved with keeping it going. > > > > -M > > > > _______________________________________________ > > oi-dev mailing list > > oi-dev@openindiana.org > > http://openindiana.org/mailman/listinfo/oi-dev > > _______________________________________________ > oi-dev mailing list > oi-dev@openindiana.org > http://openindiana.org/mailman/listinfo/oi-dev
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