RE: [atlarge-discuss] Re: membership fees

[Joanna Lane <jo-uk@rcn.com>]

David,
First, if you would be so kind not to ascribe quotes to me that I didn't
make in your replies. Bruce Young is the author of the first paragraph, not
myself. Thanks. Now to answer you...

History has taught us that no matter the amount of money involved, whether
$50 or $5,000, if it is donated by one individual in an informal way, there
will be cries of foul and allegations of capture. There are numerous
examples, even the ICANNstalarge.com initiative, whereby it was first
labeled the "Joop/ Pindar show". Also last year, the same thing happened
with InternetStakeholders.com, which I set up for no ulterior motive
whatsoever with Kendall Dawson, but which then was labeled as "Joanna's
website", simply because I registered the domain name and undertook the
Editing functions.

Incorporation may only cost $50-$200 in filing fees, but we need proper,
professional legal advice, free of charge, before filing. Are you going to
provide that free of charge? If not, who?
My own sense is that the organization is more likely to be taken seriously
if it is incorporated in the US, and possibly even in California, which puts
the organization in ICANN's face. Having said that, separate regional
incorporations also make a lot of sense, particularly when it comes to
aggregating funds, whatever the source.

BTW, Forex (currency exchange) is one area where I have some expertise.
There are many more avenues open than the one Danny suggested. Not only is
there no reason for currency transactions to cost a dime, Forex should be
added to the list of potential revenue streams for the organization. With
all due respect to Danny, he is thinking like a tourist, being charged to
change his $50 note into local currency. When it comes to trading larger
sums, a few pips can make a lot of difference. The cost of a bank wire is
about $35 regardless of whether you send $50.00 or $50,000.00, hence it must
be aggregated locally.

Regards,
Joanna




> -----Original Message-----
> From: david@aminal.com [mailto:david@aminal.com]
> Sent: Monday, July 29, 2002 12:05 PM
> To: At-Large Discussion List
> Subject: Re: [atlarge-discuss] Re: membership fees
>
>
> On Sun, Jul 28, 2002 at 09:02:52PM -0400, Joanna Lane wrote:
> > > > I agree that fund-raising rather than dues is the way to
> go.  Myself and
> > > > many others have already pledged various sums that we can call
> > > for  once we
> > > > get incorporated.  >
> >
> > So how do you propose to pay for incorporation?
> > Regards,
> > Joanna
> >
> > ---------------------------------------------------------------------
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> >
>
>
> In Illinois, the filing fee for a Nonprofit is $50.
>
> For the US Federal Government, the fee for an Exempt Organization
> Determination Letter Request is $150, or $500, depending on the
> level of receipts expected.
>
> Given that fees to incorporate need not be large, a donation by one
> or a few individuals may be sufficient to get the ball rolling.
>
> There may even be a few people who are prepared to donate *before
> they can take a tax deduction :-)
>
> The above example is for illustration only, and not a recommendation
> to choose Illinois or the US as the jurisdiction.
>
> David Schutt
>
>
>
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