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Orna Agmon Ben-Yehuda ladypine at gmail.com
Sat Jan 19 23:22:41 MSK 2013

We do not have any annual report.
To follow the law to the letter, Eli would have had to give each donor a
receipt. And pay VAT. And increase his circulation.
This is why we set up hamakor to begin with - to have an economic entity
for things like August Penguin, and to represent us officially (e.g., in
the knesset meetings).

But the current board is quite different from the people who founded
hamakor. And we just made the ultimate move to be separated from the
current Hamakor, since we have been having trouble collaborating with their
current board for a while now, even at the level of sharing a virtual

BTW, there is no hardware to purchase - it is something like a virtual

On Sat, Jan 19, 2013 at 8:42 PM, Maxim Kovgan <kovganm at gmail.com> wrote:

> How one presents a foundation expenses paid by a private person in the
> annual report ?
> If there is a bank account, the only thing to add to that is to print
> the receipt/invoice, and add a line.
> Is it more complicated ?
> If not, I'd think of funds raising for a project (h/w purchase, for
> example): it would be legally feasible.
> otherwise - a real fuss.
> On Sat, Jan 19, 2013 at 6:42 PM, Eli Billauer <eli at billauer.co.il> wrote:
> > On 01/19/2013 06:30 PM, Orna Agmon Ben-Yehuda wrote:
> >
> > Eli volunteered to pay this sum even if nobody else does, but I think we
> > should divide the costs among us, if only for the feeling of a mutual
> deed.
> > It does not have to be divided equally, we are not going to set up a
> > collection system, but something is better than nothing.
> >
> > Thanks for the offer, but the more I think about it, $45/year is not a
> sum
> > that is worth the fuss. I mean, the accumulating annual fuel expenses for
> > showing up to the meetings are in the same order of magnitude.
> >
> > Besides, I saved some 300 NIS incidentally lately, on a completely
> unrelated
> > matter, so let's say it evens out, at least for this year.
> >
> >     Eli
> --
> Maxim Kovgan

Orna Agmon Ben-Yehuda.
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