Re: [Tccc] Could the NSF be legally entitled to a huge refund from the IEEE?

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Hi, Virgilio,

Virgilio Rodriguez wrote:
...
> At the end of the day, the IEEE still has "net assets" (reserves) of
> US$158 millions, which seems atypical for a professional society.

The IEEE is a professional society *and* a standards organization.
However, as has been pointed out, it compares to the ACM in assets.

> Now, I don't know as much about the NSF as others in this list. However,
> it is my impression that the NSF mission does not include providing
> "buffer" funds for private corporations (even if they are "non profit"),
> so that they are immunised against future uncertainties or market
> fluctuations.

The NSF pays for us to attend meetings. They understand that meetings
sometimes result in a profit, and other times result in a loss. They
don't have issue with this, provided (generally) that the meeting is
organized by a non-profit entity.

Joe
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