So, not having known that 3,000 square feet was the sum total of the current WMF space on Stillman, my original but unpublished hunch was correct. I'll quote an e-mail I wrote Sept. 3rd, at 4:39 PM:
"...If I had to formulate a theory, I'd say [Sue Gardner] thinks that she's hired enough [personnel] that they now have the gravitas to move into a new, bigger place of their own in San Francisco. Stillman Street was initially held up as a 'starter' home in San Francisco, so this is just the logical next step now that grant money is pouring in." A little bird suggested I ask if the Foundation will be filing a Form 990-T once it finds a tenant, as it would be a business activity over $1,000 unrelated to a non-profit mission and would thus possibly trigger IRS rules regarding Unrelated Business Income Tax (which are rather strict). Among other things, the 990-T is a public form, so it would force the Foundation to disclose further information on its operations. Then again, Wikipedia offers a very curious, opinion-based "original research" assessment of this factor here: http://en.wikipedia.org/wiki/Unrelated_Business_Income_Tax#UBIT_in_an_IRA "This is possibly a myth." The sum of human knowledge, folks. -- Gregory Kohs _______________________________________________ foundation-l mailing list foundation-l@lists.wikimedia.org Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/foundation-l
