Yancey Strickler

next to it to receive those funds just like you might do now but we have written into the law some ideas about how to anticipate philanthropic funds entering a corpse and ultimately we will need to lobby at a federal level federal tax code to make it so that a corpse can accept philanthropic funds directly and we will work to do that it's years away from happening for very boring esoteric reasons but

So for today, a nonprofit, yeah, they receive most of their money from philanthropy.

They're constrained to certain business activities because of that form.

In the future, that could be an A Corp.

As an A Corp, they would be able to receive and act commercially as another organization would and could take in different forms of funding.

And if we get the laws passed that we want, they would also be able to directly accept philanthropic funds.

Today, they would need to have a fiscal sponsor, Fractured Atlas or something like that to receive that.

But yeah, I think for collectives,

It is a professional organization that helps distribute responsibility that prevents one person from being stuck with everything.

And that gives you, especially the way we've designed it, makes the form understandable.

You can go to a website and see how much you own.

You could see what's going on.

It's made to be not intimidating and not intense, but something that you can understand.

Yeah, the idea we talked about is he had made a body of work for a show and someone had offered to buy the whole collection from him very cheap before the show went on.

And

ultimately did that but then that person is actually not a steward of the work and now there's maybe some regret about whether or not that was a good choice i was suggesting to him instead that he could imagine what if that studio show is your is its own little body of work inside an acorp that you say okay here's this here's this catalog here's this collection we could say it has an overall value of a hundred thousand dollars or something what if you buy ten percent of the whole collection

And you pay some amount of money.

You actually don't own any work, but you are then invested in this with me.

And so we're both incentivized to steward it.

We're both incentivized to want it to be in a museum or someone else to collect it.