> On Tue, Apr 26, 2011 at 3:05 PM, Fred Bauder <fredb...@fairpoint.net> > wrote: >> Foundation is not a legal term > > "Private foundation" is one, though, and it is one that is contrasted > with "public charity". > > http://www.law.cornell.edu/uscode/html/uscode26/usc_sec_26_00000509----000-.html > http://www.irs.gov/charities/charitable/article/0,,id=137894,00.html >
Yeh, I think we'd have to look up more than that to actually clarify all this. Bottom line: the terms are ambiguous except so far as they are legally defined in one context or another. Although the NYT's journalist did have a point. The Ford or Rockefeller Foundations were funded; Wikimedia Foundation is not. Fred _______________________________________________ foundation-l mailing list foundation-l@lists.wikimedia.org Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/foundation-l
