The first thing I thought when I read this was that this may mean that there are no plans to have the JREF continue after Randi retires.
My understanding is that in the USA, a non-profit either has to manage its assets according to its stated purpose or according to any restrictions attached to their grants -- or turn them over to another non-profit with a similar mission. In other words, at the end of a non-profits organization's "life", it is not an option to have the assets turned over to former management or other individuals to do with as they would like.
So perhaps the intent is to start using up the JREF's assets, albeit on worthy causes -- and not think in terms of a sucessor to JREF or in terms of which other non-profit organization would "inherit" the JREF's assets.
My understanding is that in the USA, a non-profit either has to manage its assets according to its stated purpose or according to any restrictions attached to their grants -- or turn them over to another non-profit with a similar mission. In other words, at the end of a non-profits organization's "life", it is not an option to have the assets turned over to former management or other individuals to do with as they would like.
So perhaps the intent is to start using up the JREF's assets, albeit on worthy causes -- and not think in terms of a sucessor to JREF or in terms of which other non-profit organization would "inherit" the JREF's assets.
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