NY Times says Gee's Bend Foundation has $147,000

The New York Times reports in the Sunday, July 29 issue that the Gee's Bend Foundation "was slow to obtain nonprofit status and only this month elected a board." The article, Handmade Alabama Quilts Find Fame and Controversy, by Shaila Dewan, also mentions that "Royalties from reproductions of the quilts go into the foundation, which now contains $147,000." No word on who the board members are. [Thanks to the PropertyProf blog for noting the article.]