Updates Finances.md with info on Open Collective #236
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Frijol
requested changes
Jan 18, 2017
| Funds of the Tessel Project are held by the Bocoup Foundation. | ||
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| Funds for the Tessel Project are generated in a few ways: | ||
| The Tessel project is a member of the Bocoup Foundation, which handles its public funds. These funds are generated in a few ways: | ||
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| 1. We receive royalties from our manufacturing partners, usually a few percentage points of each product sold. | ||
| 2. We generated money through Amazon referral links for hardware, for example [our hardware modules](http://github.com/tessel/hardware-modules) recommendation list. |
| Funds of the Tessel Project are held by the Bocoup Foundation. | ||
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| Funds for the Tessel Project are generated in a few ways: | ||
| The Tessel project is a member of the Bocoup Foundation, which handles its public funds. These funds are generated in a few ways: |
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Ambiguous "its", change to "The Tessel Project's"
| 4. We receive money through partnerships or sponsorships with companies. | ||
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| We also receive donations directly through [Tessel's Open Collective page](https://opencollective.com/tessel). |
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Why is this separate from the list?
| ## What these funds are used for | ||
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| The Tessel Project has no persons on payroll and is staffed entirely by volunteers. Funds must be approved for use by the Steering Committee. These are allocated for a few broad uses: | ||
| The Tessel Project has no payroll and is staffed entirely by volunteers. We approve the use of funds by vote of the Steering Committee. Funds are allocated broadly for a few uses: | ||
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| 1. Server hosting and domain names. | ||
| 1. Purchasing of hardware directly from manufacturing partners for use in hackathons, advertisements, conferences, or direct engagement with customers or team members. Expenses of this type can be submitted through the [Open Collective page](https://opencollective.com/tessel) |
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ping on this |
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This links to the expense form and clarifies some of the wording around our funding sources.