AOL will provide $2,000,000 of funding over the next two years. The Mozilla Foundation will be funded by donations from individuals and companies, such as Sun Microsystems and Red Hat. In addition, there will be a new Board of Directors, made up of Mitchell Baker, Brendan Eich, Christopher Blizzard and some new faces, including Open Source Applications Foundation head Mitch Kapor. Teams such as staff, drivers, reviewers and module owners will continue to work as before. This new organisation, which is hoping to gain non-profit status under California law, will continue 's work of guiding development.

The Mozilla Foundation marks the first time that the Mozilla project actually has a legal existence ( was always just a more informal group). AOL will continue to employ some Netscape staffers, such as Asa Dotzler, for a couple of months to help with the transition. Netscape-owned hardware (such as the servers) will also be transferred to the new organisation. AOL has also agreed to transfer the Mozilla trademark and other intellectual property (much of it dating back to when Mozilla was Netscape's mascot) to the new Mozilla Foundation. The Mozilla code will continue to be available to all.

There is no way that AOL can revoke the Netscape and Mozilla Public Licenses and make the code proprietary. While a major loss, the end of Netscape does not mean the end of Mozilla. There's a lot of confusion surrounding Tuesday's creation of the Mozilla Foundation and the disbanding of the Netscape browser development team. The Future: The Mozilla Foundation and the End of Netscape Thursday July 17th, 2003

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