> "pay operating costs" is one place non-profits often find fraud.
replyIf you find it here please let us know.
Can you explain the 2-3% gap between expected returns and outlays? Seems like a lot more than what is needed for accounting (based on the other main person here posting)
replyThe explanation is simple — nobody can predict exact annual returns, and they tend to fluctuate. We aim to spend at least 5% per year on OSS grants and need to decide if we can spend more on them or should reinvest based on specific annual results. And target earnings should overcome inflation.
replyReasonable answer, but this part:
reply> Why not build something super minimal that requires less management and operating costs? That doesn't have the market risk at the center of it all? That doesn't have more points for fraud and abuse?
could still be usefully addressed.