"The corporation can spend money on whatever the hell. That's why they set it up." oh that is not true at all ... fiduciary duty doesn't work like that.
Re:Mozilla Lifeboat
by maxerickson on Wednesday August 12, 2020 @07:50PM
(#24138476)
There's no need to be so literal.
And conveniently, the people directing the Corp are the ones setting the agenda for the org (which that agenda is the thing the Corp has a fiduciary duty towards...).
You can infer from the foundation tax returns that most of the assets are held by the corporation: https://assets.mozilla.net/annualreport/2018/mozilla-2018-fo...
It's the assets held directly by the foundation that have implications for their tax status, and they only move assets to that status as necessary.