[OpenAFS] Re: [Elders] [OpenAFS-announce] OpenAFS Foundation Update
Tom Dopirak
tdopirak@gmail.com
Thu, 10 Oct 2013 18:17:19 -0400
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You rock. Thanks.
Sent from my iPad
> On Oct 7, 2013, at 14:42, Roman Mitz <rmitz@openafs.org> wrote:
>=20
> It's been a while. Here are the latest updates, with apologies for the de=
lay.
>=20
> Updates:
> * A signed agreement has been struck between IBM and representatives of t=
he Creation Committee.
>=20
> * Our lawyers reviewed, then submitted the incorporation papers for The Op=
enAFS Foundation, Inc.;=20
>=20
> * The foundation has been created.
>=20
> * A bank account has been opened.
>=20
> * All funds remaining from previous years (not dedicated to the OpenAFS Wo=
rkshops) have been transferred into the new bank account.
>=20
> * Working on filing non-profit status with the IRS.
>=20
>=20
>=20
> Details:
>=20
> * Todd has been instrumental in facilitating the complicated process of ge=
tting a signed agreement and of having IBM agree that we may use the terms "=
AFS" and "OpenAFS" in the name and description of the Foundation. This was a=
critical step in preventing potential legal issues over naming and terminol=
ogy in the future, which many of us had been fearing and hoping to avoid. Fu=
ture agreements covering other aspects will likely have to be forged, but th=
e first step has been done successfully.
>=20
> * The firm's team reviewed what our group had compiled to-date as required=
materials going into the application package for the foundation of the Foun=
dation. OpenAFS Foundation, Inc., is now incorporated and marked as non-pro=
fit-to-be in the incorporation categorization. This means that the Foundati=
on now exists as a legal, independent entity. For the purposes of the incor=
poration, all five of us had to be listed as preliminary directors, but we w=
ill hand over this role when the first true board members have been chosen.
>=20
> * Also, Roman opened an independent bank account for the Foundation with t=
he PNC Bank. As the minimal number of authorized signors should be two, the=
Pittsburgh location was the logical choice.
>=20
> * All moneys previously donated to the cause of OpenAFS were transferred f=
rom the previous account at CMU into the new bank account. Funds for the cu=
rrent OpenAFS Workshops are kept separately in that existing organization. W=
e are happy that we could meet the fiscal year deadline by Carnegie Mellon, a=
nd all went smoothly. These moneys are now available to the Foundation as o=
perating funds.
>=20
>=20
>=20
> Next steps and how you can help:
>=20
> * The Creation Committee, after having procured a tax ID for the newly inc=
orporated Foundation, will need to compile the packet of materials supportin=
g our application for official non-profit status with the IRS. It is the IR=
S that awards this status, if our application is approved; if the approval f=
ails, we will have the opportunity to improve the organization and/or applic=
ation and re-try at a later date.
>=20
> * In the not too distant future, the preliminary board (i.e. Our Creation C=
ommittee) wants to hand over the baton to the initial Board of Directors. T=
hus, we are seeking individuals with a proven track record of business succe=
ss and with good connections. You may help us with suggestions or volunteer=
ing; resumes would be most helpful. The Creation Committee can then contact=
viable candidates and invite them to serve pro-bono on our initial Board of=
Directors.
>=20
> Roman, on behalf of the Creation Committee
>=20
>=20
>=20
> PS: This update is being published in both the OpenAFS newsletter and via t=
he openafs-announce list in an attempt to reach the broadest audience. Plea=
se direct any questions or comments to foundation-discuss@openafs.org -- Tha=
nk you.
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<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto"><div>You rock. Thanks.<br><br>Sent from my iPad</div><div><br>On Oct 7, 2013, at 14:42, Roman Mitz <<a href="mailto:rmitz@openafs.org">rmitz@openafs.org</a>> wrote:<br><br></div><blockquote type="cite"><div><div dir="ltr"><div class="gmail_extra" style="font-family:arial,sans-serif;font-size:12.499999046325684px">It's been a while. Here are the latest updates, with apologies for the delay.</div><div class="gmail_extra" style="font-family:arial,sans-serif;font-size:12.499999046325684px">
<br></div><div class="gmail_extra" style="font-family:arial,sans-serif;font-size:12.499999046325684px">Updates:<br></div><div class="gmail_extra" style="font-family:arial,sans-serif;font-size:12.499999046325684px"><p>* A signed agreement has been struck between IBM and representatives of the Creation Committee.</p>
<p>* Our lawyers reviewed, then submitted the incorporation papers for The OpenAFS Foundation, Inc.; </p><p>* The foundation has been created.</p><p>* A bank account has been opened.</p><p>* All funds remaining from previous years (not dedicated to the OpenAFS Workshops) have been transferred into the new bank account.</p>
<p>* Working on filing non-profit status with the IRS.</p><p><br></p><p>Details:</p><p>* Todd has been instrumental in facilitating the complicated process of getting a signed agreement and of having IBM agree that we may use the terms "AFS" and "OpenAFS" in the name and description of the Foundation. This was a critical step in preventing potential legal issues over naming and terminology in the future, which many of us had been fearing and hoping to avoid. Future agreements covering other aspects will likely have to be forged, but the first step has been done successfully.</p>
<p>* The firm's team reviewed what our group had compiled to-date as required materials going into the application package for the foundation of the Foundation. OpenAFS Foundation, Inc., is now incorporated and marked as non-profit-to-be in the incorporation categorization. This means that the Foundation now exists as a legal, independent entity. For the purposes of the incorporation, all five of us had to be listed as preliminary directors, but we will hand over this role when the first true board members have been chosen.</p>
<p>* Also, Roman opened an independent bank account for the Foundation with the PNC Bank. As the minimal number of authorized signors should be two, the Pittsburgh location was the logical choice.</p><p>* All moneys previously donated to the cause of OpenAFS were transferred from the previous account at CMU into the new bank account. Funds for the current OpenAFS Workshops are kept separately in that existing organization. We are happy that we could meet the fiscal year deadline by Carnegie Mellon, and all went smoothly. These moneys are now available to the Foundation as operating funds.</p>
<p><br></p><p>Next steps and how you can help:</p><p>* The Creation Committee, after having procured a tax ID for the newly incorporated Foundation, will need to compile the packet of materials supporting our application for official non-profit status with the IRS. It is the IRS that awards this status, if our application is approved; if the approval fails, we will have the opportunity to improve the organization and/or application and re-try at a later date.</p>
<p>* In the not too distant future, the preliminary board (i.e. Our Creation Committee) wants to hand over the baton to the initial Board of Directors. Thus, we are seeking individuals with a proven track record of business success and with good connections. You may help us with suggestions or volunteering; resumes would be most helpful. The Creation Committee can then contact viable candidates and invite them to serve pro-bono on our initial Board of Directors.</p>
<p>Roman, on behalf of the Creation Committee<br></p><p><br></p><p>PS: This update is being published in both the OpenAFS newsletter and via the openafs-announce list in an attempt to reach the broadest audience. Please direct any questions or comments to <a href="mailto:foundation-discuss@openafs.org">foundation-discuss@openafs.org</a> -- Thank you.</p>
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