On Tue, Dec 7, 2010 at 11:43 AM, Dan Scott <[email protected]> wrote: > meeting, but don't see it in the minutes - did we agree to directing 10% > of project revenues to the Conservancy... > which would leave 90% of the conference proceeds to be
Do you really mean _revenues_? That is not "proceeds", revenues means 10% of all the money you bring in. That IS a standard way to handle 501-c-3 fiscal sponsorship, when it comes to _donations_. Like if someone wants to donate $100 to Evergreen, The Conservancy would get $10 of it. (Although 10% is actually kinda high, 5%-8% might be more typical). But I don't think that's probably what you want to do with a _conference_, especially not _revenues_. 10% of conference revenues to the Conservancy means you have to add 10% to your conference budget, meaning 10% more sponsor money and/or registration fees, to pay the Conservancy. (Okay, not 10% more, but... um... X more where X * .9 = original, um, whatever that percent is). You might want to make sure you're clear about this before you sign an agreement. Jonathan
