In reply to Marko Heijnen.

So lets not forget @JJJ though. His indegogo campaign can be the proof the concept. So everyone go donate.

I was thinking about this on the drive this morning.

Could setup a non profit corp, with an elected, representative, and rotating (think term limits) board of 5 (core committers get 1 seat, hosting industry gets 1 seat, theme/plugin industry gets 1 seat, and the remaining 2 are community seats).

A very clear and community drafted corporate charter:
- Set policies on project/grant submissions.
- Grant award process (like maybe 30% needs to be earmarked for non-US based devs, max 3mo project cycles, and 1 award per dev per year),
- distribution and use of funds (like admin costs can never exceed 5% or awards are cost of living adjusted pegged to the US median dev salary less 15%). This way no one is getting rich, but they are not starving either.
- and fund raising requirements (like large cash donations can never exceed more than 60% of total funds.. so 40% of monies must be small donations, a donation from the WP foundation into this fund would count as small monies since it is aggregated?),
- and finally setting the transparency flag on everything to true. Use github to publish all minutes and financial accounting for community review

Is all the bureaucracy needed to make it work? No. but may be needed to make it fair and representative. Just a public mental exercise. Feel free to ignore.