We are currently formulating a proper name for the Foundation. Steem Alliance was meant to be a temporary label during the initiation process. Suggestions are welcome.
Milestone Reached
We have connected with the team from Bull Blockchain Law LLC and have had our initial meeting with Andrew Bull, JD, MSc in which we discussed our incorporation options and related details.
Our interview included topics to do with forming the Foundation as a 501(c)(3), whether we fit the scientific or educational route best, ensuring inclusion for non-US citizens, KYC and anti-money laundering, etc.
We are ensuring that we are extra-diligent throughout this process and are taking our time with it.
Fiscal Status
We would like to thank @Ned and Steemit Inc for transferring the amount of 25,000 STEEM to the 
These funds are not to be powered up or used in any way except as described above. We will discuss account management with you more thoroughly in our next publication. We aim to always act in the best interests of the Steem ecosystem and transparency is one of our key values.
Communication
We will continue to update you on a regular basis with short posts. If you have any specific questions, please reach us through Discord.
Sincerely yours,
The Foundation Interim Board