Re: [tdf-discuss] Foundation Fundraising

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On 02/07/2011 06:35 PM, drew wrote:

> you don't want to setup to do business of any kind in the US beyond the
> ability to accept funds into a checking account and then later transfer
> the funds as one lump sum to the proper account for the foundation and
> close the account.

Whilst it does depend upon the specific state, in most states, setting
up a business account is "having a business presence in", and makes one
subject to all of those requirements.

> As for the target amount for 100,000 euro with a close date of March
> 30th, and todays exchange rate or 0.73 it would take $136,166 USD. Given
> the time frame $150,000 would seem a large enough cushion, even with

a) I don't share your optimism that three months down the road, the
Euro/Dollar rate will remain roughly the same as it currently is;

b) Also factor in currency exchange fees and bank wire transfer fees.

jonathon
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