Zcash Foundation Board Meeting
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April 5, 2017
Started 9:12-9:55 PM (Athens time)
In attendance: Peter, Andrew, Naval

Minutes
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1. Need a new 5th Board Member
- Board discussed potential candidates but did not reach a decision

2. Application for non profit status and ‘activities’ statement

- Peter wrote an initial draft of activities statement
- We discussed a conversation with our lawyers at Bryan Cave on managing Conflict of Interest involving our involvement in Zcash, and what this means for our viability as a 501(c)(3).

2. Budget update
- Andrew received the first dibursement of pledged donations from Zcash Co, consisting of a portion of the Founder’s Reward that has already sold and earmarked for the foundation (estimated ~$90k).
- We discussed the need for a management team, such as an Executive Director or half-time administrative staff.

3. Test transaction awards.
- Andrew proposed making a “test transaction” awards, a one-time only, community award, to (partially) subsidize volunteers who have invested a lot in zcash infrastructure. In particular, I would like to propose that we make the following three, one-time only “Test Transaction” awards, worth $2,000 each, to mineZcash, lustro, and radix42.
- The board approved the test transaction award proposal