No, Hedera does not have control over the HBAR Foundation. Hedera Hashgraph, LLC and the HBAR Foundation are unaffiliated, independent entities. The HBAR Foundation will have autonomy over the administration, development, and deployment of its hbar distributions in providing grants to developers, startups, and others to accelerate the development and adoption of the Hedera network. Hedera will have the right to appoint a non-voting observer to the HBAR Foundation’s Board of Directors and grant committee, but Hedera has no voting power or control over the HBAR Foundation’s management or decisions.
In addition, it is expected that a number of Hedera staff will terminate their current employment with Hedera and become employees of the HBAR Foundation.