On 29 April 2012 13:46, Deryck Chan <deryckchan(a)gmail.com> wrote:
On this issue I would argue along the same lines as I
did on accepting
in-kind donations: We have trustees for a reason - to exercise their human
wisdom on things that are not absolutely black and white! If they aren't
given the freedom to pursue the objectives of WMUK their way, we may as well
have robots on the board.
Just to clarify, Gordon wasn't quoting WMUK's objects. They are quite
specific and can be read here:
http://uk.wikimedia.org/wiki/Articles_of_Association
Objects that give the trustees the discretion to doing anything
charitable are typical for family foundations that just make grants to
other charities. It's really no different to the wealthy individual
making donations directly, it's just more convenient in terms of tax
relief (you get it immediately but can decide later what charities to
donate to, and can avoid inheritance tax if leaving money to charity
in your will).