[Blabber] HM project funding vs interested persons contributions
citybadger at gmail.com
Thu Mar 15 16:49:41 EDT 2012
I also think this needs to be discussed.
On Fri, Mar 9, 2012 at 2:35 PM, Peter Shenkin <shenkin at gmail.com> wrote:
> It would be reasonable to pass bylaws allowing such projects to be
> officially sanctioned and to allow earmarked contributions (beyond dues) to
> be made toward them. I believe this would allow tax deductiblity. I could
> imagine something like: any member or group may propose a project with a
> guideline of a 20% initial contribution. Once approved, if the item does
> not get purchased within a year based on additional donations, the funds
> are returned to the donors.
> The real question is ownership; HackManhattan would have to own the item,
> once purchased. It's unclear to me whether this is the case for the
> On Fri, Mar 9, 2012 at 2:19 PM, Guan Yang <guan at yang.dk> wrote:
>> I would just note that some projects are jointly funded. For example we
>> decided that HM would buy some tooling for the mill (although we haven't
>> actually reimbursed anyone for that yet). I could imagine that the same
>> might end up being true for the bee hive.
>> On Friday, March 9, 2012 at 14:15 , Sam Brown wrote:
>> > So I have been thinking about the whole "interested sub groups" concept
>> that has been brought up a couple of times and is currently being used to
>> fund the mini mill and the bee hive.
>> > Meaning, HM funds did not pay for the mill or bee hive, the money is
>> coming from individual contributions.
>> > I'm interested to hear everyone's thoughts on this kind of financing.
>> Granted, HM is not cash abundant now, but there is a disparity (perceived
>> or real) between those who have contributed to the mill and those who have
>> not (I fall under the "have not contributed" category). Are there concerns
>> from those who have contributed? Is there an expectation of more
>> contributions to be made?
>> > I wanted to bring this up during the last member meeting but it was
>> getting late.
>> > Thoughts?
>> > Thanks,
>> > --Sam Brown
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