| From: | "Joshua D(dot) Drake" <jd(at)commandprompt(dot)com> |
|---|---|
| To: | daviddbgraham(at)gmail(dot)com |
| Cc: | spi-general(at)lists(dot)spi-inc(dot)org |
| Subject: | Re: Google Gift |
| Date: | 2012-11-12 22:06:19 |
| Message-ID: | 50A172DB.80807@commandprompt.com |
| Views: | Raw Message | Whole Thread | Download mbox |
| Thread: | |
| Lists: | spi-general |
On 11/12/2012 12:53 PM, David Graham wrote:
>
> Hilmar Lapp wrote:
>>> Awesome! -hilmar
>>
>> Right. So instead of 37,510.86 we don't currently use for anything,
>> there are now 47,510.86 in the bank we are not likely to use for
>> anything either. Or did I misunderstand?
>
> Even if that were the case, I'd argue that having $47K in contingency (which would cover about the first month of a law suit) is better than being in the hole a single penny.
Having a large reserve is a very good idea. We are a corporation after
all (not for profit but still). We need to have a rainy day fund. If, we
weren't providing for our projects in some way that is a different argument.
Thank you to Google for seeing the benefit to having an umbrella
corporation like SPI.
Sincerely,
Joshua D. Drake
--
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