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Eddy Lazzarin 🟠
@eddy
Why do we even have foundations in crypto? Do we really need them going forward? @milesjennings explains why we had them, and why we may not need them any longer.
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Steve Pederzani
@ozmium.eth
Tax and regulatory exploits mostly, especially when it comes to schemes where you apply for money on the basis of distributing money for your foundation’s purpose. (eg, why you see a lot of microgrants based on revenue with these.) It’s a way to for-profit without being able to get donations under some of the safeguards of 501c4 treatment in the US. 501c3 is better. Much tighter belt and more virtue focused like a lot of web2 open source consider. NLA but work professionally in nonprofit space in law/compliance/board/leadership.
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