This foundation is in part replicating the role of Steemit Inc. when it comes to ecosystem support and funding so we have more than one corporate structure based in FIAT world supporting the ecosystem. Now imagine for a second that Steemit Inc. would be funded by author's rewards... It would not work for them, why would it work for this foundation?

Also important to note that in my proposed structure, the initial donation made by Steemit Inc. would be paid as a corporate membership fee and they would be treated no differently than any other corporation, no fixed board seat, no special rights.