When I was working on @babeljs, the jQuery Foundation were interested in taking on the project. Then it became the JS Foundation, and now the Node.js Foundation...? I wouldn't feel very good as a project participant with being thrown around like that.
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Trademark's and other property (domains) are owned by the Foundation. Copyright is not, it's owned by the contributors. and governance belongs to the projects, usually with a charter in the bylaws or passed immediately by the board after formation. Maintainers own projects.
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JS Foundation projects seem to own the copyright? https://github.com/webpack/webpack/blob/master/LICENSE#L1 …https://github.com/lodash/lodash/blob/master/LICENSE#L3 …
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Generally speaking, the mood about this among most the Node.js contributors I've talked to about this is largely ambivalent ... With a feeling that if it's going to move forward, it will do so regardless of how they feel about it one way or the other...
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... so long as the daily project governance is not impacted, it's largely a non-issue. The biggest impact will likely be around marketing, the website, and infrastructure costs. We'll see tho...
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he/him 