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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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@ -203,8 +203,8 @@ The funds SHALL be received and administered by ZF. ZF MUST disburse them as
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6. The Major Grant Review Committee's funding decisions will be final, requiring
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no approval from the ZF Board, but are subject to veto if the Foundation
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judges them to violate U.S. law or the ZF's reporting requirements under U.S.
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IRS 501(c)(3).
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judges them to violate U.S. law or the ZF's reporting requirements and other
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obligations under U.S. IRS 501(c)(3).
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7. Major Grant Review Committee members SHALL have a one-year term and MAY sit
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for reelection. The Major Grant Review Committee is subject to the same
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