Our bank balance: ~$5000
Our current run rate:
- ISP: $150 / month
- bank fees: $15 / month ($0 if bal. over $7500)
Total: $2000 / yr. or 2 1/2 years cushion if no prime found, just 1 year if a new prime is found!
Consequently, the Board made the following changes to the Mersenne Research Discovery Award:
- $100 now, $2900 later (if and when GIMPS claims the $150,000 EFF award for discovery of a 100,000,000 digit prime)
- The Board has the option of paying the $3000 award in cash if it feels there is sufficient cash on hand.
The Board also voted to make its first concerted effort at fundraising.