[foundation-board] Knight grant contract

[Becky Hogge]

On 22 November 2011 15:06, Rufus Pollock <rufus.pollock at okfn.org> wrote:
> On 22 November 2011 12:31, Martin Keegan <martin at no.ucant.org> wrote:
>>
>> Hello,
>>
>> attached is a copy of the contract the Knight Foundation wants us to sign
>> for the Spending Stories project.
>>
>> 6% of the value would go to a fiscal sponsor organisation called the Tides
>> Foundation (they are a US-based middleman Knight uses for grants to
>> non-US entities). There's some flexibility for modifying the deliverables
>
> Is this 6% out of the original grant amount ($250k) or 6% on top of
> that amount (i.e. we still get original amount). If the latter we're
> ok but on the former: that's quite a lot we're losing!

>From this contract, it looks like the latter (from the final para "The
$15,000 cost of the fiscal agency will come out of grant funds and has
been added to the grant amount." Total grant is for $265,000). I'm
happy for OKF to sign this, subject to satisfactory explanation of
browser plugin issue James has raised.

Cheers

Becky