An Outline of Farsight's Corporate Structure
There are two Farsight corporations.
I. Farsight Research, Inc.
The first Farsight corporation is an IRS approved 501(c)(3) nonprofit corporation named "Farsight Research, Inc." This nonprofit corporation uses the public name (i.e., the dba) of The Farsight Institute, and this corporation is dedicated to the research and public education of the phenomenon known as "remote viewing."
When people contribute to The Farsight Institute, they are making tax deductible contributions to that corporation. There are currently four regular members of the Board of Directors for The Farsight Institute, and two emeritus members. As of 2013, the current members of the Farsight Board of Directors are:
- Courtney Brown
- Dominique Surel
- Dick Allgire
- Bruce Kaufman
- Lyn Buchanan (Emeritus)
- Glenn Wheaton (Emeritus)
Here is our IRS nonprofit approval letter. There are no salaried personnel at The Farsight Institute. Everyone is a volunteer. Contributions go to purchase supplies to enable us to do our work.
II. Farsight, Inc.
The second Farsight corporation is called "Farsight, Inc." This is a privately owned for-profit corporation, and when people purchase products such as Farsight DVDs, t-shirts, mugs, etc., they are purchasing these things from Farsight, Inc. The profits from Farsight, Inc. support either directly or indirectly the research and educational mission of The Farsight Institute with respect to the phenomenon of remote viewing. For example, the web site for The Farsight Institute is paid for and maintained by Farsight, Inc.