Hi, On Wed, Feb 10, 2010 at 03:17:16PM -0800, Stuart Kreitman wrote: > On 02/10/10 11:47 AM, Daniel Stone wrote: > > On Wed, Feb 10, 2010 at 06:31:32PM +0100, Luc Verhaegen wrote: > >> The X.org Foundation exists to best represent the interests of the X.org > >> Foundation members, by being the legal entity responsible for the state > >> of the Foundation. To a large extent, its responsibility is to manage > >> the considerable amount of funds that the X.org foundation has gathered > >> over the years, in the best interest of these X.org foundation members. > > > > Rather. For the record, I think the current balance is on the order of > > ~$us150k. Around the time we dissolved the sponsors' group, we decided > > > As co-signer of the checks, that sounds really high, My guess is that its > knocked down to 1/2 that by now, but I haven't seen the exact balance for > a few years now. This needs to be sorted before comittments for the next > conference are made. Keith?
Yeah, fair. Now I think of it, it's probably closer to $us100k, if not ~80. > > I assume that this will be re-evaluated within the next couple of years, > > assuming that we continue to spend money (again, my personal opinion and > > guesswork only). > > A good action item for the next Board would be to set the bar for when > to start fundraising. Indeed; the timeline is completely dependent on our current balance and burn rate both. Cheers, Daniel
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