What will the Foundation do?
A complete IOTA Foundation roadmap and website with more detailed information will be published later in the week, but here is a brief summary:
Initiate C and RUST core client development.
Attend Internet-of-Things and Blockchain/Distributed ledger conferences and hackathons in the coming months in active role ( E.G. presentations about IOTA ).
In collaboration with some big holders give out development-bounties.
Be able to strengthen the brand and raise awareness of IOTA in all capacities.
Bring on companies and organizations, especially those focused on Internet-of-Things and blockchain.
Essentially realize the vision which started the R&D of IOTA
Be the de facto public organization behind IOTA

Who will be in the Foundation?
The founding members of the IOTA Foundation will essentially be the founders of IOTA and active early adopters with a proven track record. At the moment: David Sønstebø, Dominik Schiener, Serguei Popov and Sergey Ivancheglo. In addition to this there are 3 others that will most likely be part of it, but is not official yet, more info on this will come later in the week.

What should the rest of the community do?
While the foundation now has been decided on (as long as pledgers don't pull out all of a sudden), it is important that the community don't see this as some major achievement and think that it's time to kickback and watch the fireworks. The community still got ~95% of all total IOTA tokens in existence, make them count. Hire developers to work on ecosystem infrastructure, fund projects on top of IOTA, donate to the people in the community that is making a difference, donate to the foundation etc. We are still only at the beginning, now we must go for momentum

What would you consider "big"?

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