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Obligations under 501(c)(3) are not only reporting requirements. 

This responds to one part of @tromer's point at
https://forum.zcashcommunity.com/t/final-text-of-zip-1014/36002/3

Signed-off-by: Daira Hopwood <daira@jacaranda.org>
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Daira Hopwood 2020-02-15 12:50:00 +00:00
parent f7229384d9
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1 changed files with 2 additions and 2 deletions
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zip-1014.rst
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@ -203,8 +203,8 @@ The funds SHALL be received and administered by ZF. ZF MUST disburse them as
6. The Major Grant Review Committee's funding decisions will be final, requiring
no approval from the ZF Board, but are subject to veto if the Foundation
judges them to violate U.S. law or the ZF's reporting requirements under U.S.
IRS 501(c)(3).
judges them to violate U.S. law or the ZF's reporting requirements and other
obligations under U.S. IRS 501(c)(3).
7. Major Grant Review Committee members SHALL have a one-year term and MAY sit
for reelection. The Major Grant Review Committee is subject to the same