Earlier quoted context omitted.
Agreed. I think the buried lede here is actually the clawback clause. With that in the contract, this isn't a $1.5 million dollar grant, it's a $1.5 million dollar liability. If you take the money and spend it on research and development and then get hit by a clawback, whether due to "DEI" or some other reason, that is a financially ruinous event to somehow come up with $1.5 million dollars that was already spent. A…
As treasurer of a similar FOSS org, this is the correct take. An important responsibility of the people running a FOSS community's backing non-profit is to keep the org safe and stable, as the community relies on it for vital services and legal representation. A risk like that is unacceptable, even more than in commercial business.
$1.5M at 4% is nice.
But I suppose the "proposal" means these funds come with a distribution plan attached?