The Foundation isn't Bitcoin
The name suggest otherwise:
"The Bitcoin Foundation" literally means "The basis of Bitcoin", "The setting up of Bitcoin", and "The Bitcoin establishment."
Pardon my french, but who the fuck appointed these people to be official spokesmen of Bitcoin? I think most of the negative reaction to this announcement comes from the arrogance of a handful taking it upon themselves to proclaim to the world that they speak for everyone involved in Bitcoin. It reeks of a power grab.
There is probably a legitimate need to have an organization of this type but it could have been handled better. Of course, mistakes are how we learn so I guess this will go down in Bitcoin infamy.
Your screenshot is clearly from http://dictionary.reference.com/browse/foundation. What could you possibly have missed on that page?
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6. an institution financed by a donation or legacy to aid research, education, the arts, etc.: the Ford Foundation.
Every now and then, I like to click show/hide on an ignored user's post, just to see if I made the right decision before. Thanks for confirming my judgment.