[Foundation-l] Update of the Gift Policy

Mon Jan 21 14:40:02 UTC 2008

I'm guessing they're defined elsewhere, but "public support" means to
me that it does not set itself apart from other public contributions
due to a large amount, so perhaps there is a limit - someone donating
$1 million is much more likely to expect something in return for their
donation than someone who gives $100.

I'm guessing that charities are exempt because the implicit obligation
is not there, or if it is, it is not as strong when a donation is from
a charity rather than an individual or commercial interests.

On 21/01/2008, Gerard Meijssen <gerard.meijssen at gmail.com> wrote:
> 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
> >
> _______________________________________________
> foundation-l mailing list
> foundation-l at lists.wikimedia.org
> Unsubscribe: http://lists.wikimedia.org/mailman/listinfo/foundation-l
>

-- 
Refije dirije lanmè yo paske nou posede pwòp bato.