Continue to edit and align the Jupyter Foundation summary with the fo…

…rthcoming charter

jupyter_foundation.md

@@ -1,6 +1,6 @@
 # Jupyter Foundation
 
-The Jupyter Foundation is a directed fund of the Linux Foundation 501(c)(6). It exists to provide resources and strategic counsel to Project Jupyter. The charter is here (TODO: Link). We summarize relevant points from the charter below.
+The Jupyter Foundation is a directed fund of the Linux Foundation 501(c)(6) whose purpose is to raise, budget and spend funds in support of Project Jupyter and its mission. The official Jupyter Foundation charter is here (TODO: link). A brief summary of relevant points from the charter is provided below.
 
 
 ## Jupyter Foundation Governing Board
@@ -10,9 +10,9 @@ The Jupyter Foundation Governing Board controls the resources of the Jupyter Fou
 ## Responsibilities of the Jupyter Foundation Governing Board
 
 - Serve Project Jupyter and its mission.
-- Meet regularly to review strategic objectives of Jupyter.
-- Develop and approve an annual budget for funding from the Jupyter Foundation to benefit Project Jupyter that is aligned with its strategic objectives and is responsive to the needs and opportunities that may arise during the year.
-- Recruit and retain Jupyter Foundation members.
+- Overall management of the Jupyter Foundation.
+- Approve an annual budget directing the use of Jupyter Foundation funds.
+- Approve changes to the Jupyter Foundation charter.
 
 ## Membership
 
@@ -24,4 +24,4 @@ The Jupyter Foundation Governing Board consists of:
 
 ## Decision making
 
-The Jupyter Foundation Governing Board follows the decision-making policies in its charter. (TODO: Link)
+The Jupyter Foundation Governing Board follows the decision-making policies in the Jupyter Foundation charter. (TODO: Link)