I'm against giving part of the block reward to any foundation, this is like premine. No matter how transparent it would be it would still look unfair to many people. The better way is donating.
Well said, Mr. Spread

I'm fairly certain that once SpreadCoin goes mainstream, the donations will come flowing in, to make SpreadCoin even better. Look at Monero's development team, for example; they have received around 50 BTC in donations last year.
I've been silently following SpreadCoin since November last year, and must say that SpreadCoin is basically what Satoshi Nakomato wanted BitCoin to be- fully decentralised, without pools. If anything, this coin is going to be big
