On Wed, May 11, 2016 at 1:10 PM, Dave Crossland <d...@lab6.com> wrote: > > On 11 May 2016 at 13:03, Laura Vargas <la...@somosazucar.org> wrote: >> >> Sorry I missed to explain this. By the date of the agreement (2012), the >> Project agreed that, on the Effective Date, $1,887.44 (10% of the existing >> Project Fund on the Effective Date), will be donated to Conservancy’s >> general fund additional to the 10% of that years income. > > > That makes sense :) Thanks! >
Yes, prior to the 2012 Amended FSA, I don't think Sugar Labs had paid anything to SFC, so there was a one-time 10% payment on assets in the bank. Since that time it is 10% of revenue (donations). FWIW, I don't think they are taking their 10% cut of our annual bank account interest, not that it amounts to much or matters one way or the other. cjl _______________________________________________ IAEP -- It's An Education Project (not a laptop project!) IAEP@lists.sugarlabs.org http://lists.sugarlabs.org/listinfo/iaep
