[foundation-board] Knight grant contract

[Martin Keegan]

On Tue, 13 Dec 2011, Jordan S Hatcher wrote:

> > From the Word document attached to this email it now appears that we
> > are receiving on £235,000, with $250,000 going to the Tides Center.
> > What's happened?
 
> If there is an intermediary such as the Tides Center, I'd expect them to get some sort of fee for administering the grant.  I take it this is it?
 
> Just to clarify on the currency side, this is $235,000 USD out of
> $250,000 AFAICT. 

Yes. They have managed to send documentation with two different figures.
Regrettably, the lower is correct.

I spoke to Tides directly after the board meeting on Tuesday, and they
have got Knight to agree to a budget reflecting our overheads, which Jason
calculates at 7% (the other lines items have basically been reduced by
roughly the same proportion). This, and the fee mentioned above, entails a
slightly shorter project, albeit one which draws less on OKF core
resources.

Please check the attached document for the details.

Mk

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