mirror of https://github.com/zcash/zips.git
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>
This commit is contained in:
parent
f7229384d9
commit
8cfeb65925
|
@ -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
|
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
|
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.
|
judges them to violate U.S. law or the ZF's reporting requirements and other
|
||||||
IRS 501(c)(3).
|
obligations under U.S. IRS 501(c)(3).
|
||||||
|
|
||||||
7. Major Grant Review Committee members SHALL have a one-year term and MAY sit
|
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
|
for reelection. The Major Grant Review Committee is subject to the same
|
||||||
|
|
Loading…
Reference in New Issue