On Mon, Sep 19, 2005 at 12:35:58PM -0500, Deedra Waters wrote:
> >Date: Fri, 12 Aug 2005 23:18:40 -0700
> >From: Corey Shields <email@example.com>
> >To: firstname.lastname@example.org
Hmmm, weird, I can't find this e-mail in my archives...
> > I don't know what the "right" answer here is. My inkling is to say let's
> > come up with corporate memberships within the foundation, where annual
> > membership dues are required, and you get certain member rights (a vote?
> > use of the Foundation Membership status). We could have varying such
> > levels and label them, say $1,000/yr, $5,000/yr, $10,000/yr..
> > Of course, it has been too long since I have looked at the bylaws, but such
> > membership should come with a removal clause that xx number of member votes
> > (which might be tough), or a board vote, could revoke membership. Thus, if
> > someone buys their way in and ends up misusing privileges they get canned.
I might be mistaken, but we might want to verify if this is valid for a
501(c)6. I vaguely remember a discussion about restricting/accepting roles
in the Foundation, more precisely about buying in positions and defending
against a buy-out.
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