Gentoo Archives: gentoo-nfp

From: Corey Shields <cshields@×××××××.edu>
To: gentoo-nfp@l.g.o
Subject: Re: [gentoo-nfp] I met with my lawyer
Date: Fri, 16 Apr 2004 21:51:28
In Reply to: [gentoo-nfp] I met with my lawyer by Daniel Robbins
Hash: SHA1

Daniel Robbins wrote:
| The Gentoo Store will pay for the establishment of this
not-for-profit. The
| Gentoo Store will also pay for the Gentoo Foundation's application for
| 501(c)(6) federal trade association status (~$5000 or so?)

If you need help with this, I've heard a lot of developers exclaim that
they would gladly pitch in for the NFP filing.  Maybe a paypal donation
marathon specifically for the creation of the NFP.   After the NFP is
created, money is something that is going to need to be handled very
openly and kept very much accountable.  A public record of moneys coming
in (through the store, donations, etc) and going out (hardware, PR
events, etc) should be kept and updated on a daily basis.  Good records
will also help come tax time.  Maybe a treasurer position on the board
for this purpose?

| Gentoo Technologies, Inc. will transfer the copyrights and trademarks
to the
| Gentoo Foundation. In exchange, the Gentoo Foundation will grant Daniel
| Robbins & Gentoo Technologies, Inc. perpetual, non-exclusive, royalty-free
| use of the "Gentoo" trademark and "G" logo. This will allow me to continue
| to run the Gentoo Store if I want.

Can you clarify the purpose of this a bit more?   As I understand it
above, the Gentoo Store remains your personal business, seperate from
the Gentoo Foundation.   I would think that the Gentoo Foundation would
need the store for future funding.  I could be misunderstanding this, if
I am please say so.

Cheers, Daniel!  Thanks for jumping on this!  So far I'm liking it.

- -Corey

- --
Corey Shields - IU Unix Systems Support Group

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RE: [gentoo-nfp] I met with my lawyer Daniel Robbins <drobbins@g.o>