There is nothing wrong with this, but the names of these bodies should reflect their interests. A name like 'Linux Foundation' should be the flagship organization promoting Linux and open source globally as well as user and developer interests. Some thing like 'Linux Industry Group' is a better reflection of the work Linux foundation does.
Ultimately its high time end-users organize some kind of funded entity to support open source projects and protect user interests. Not just one but multiple such bodies. Without that the interests of those funding projects, developers and industry bodies will triumph and you will just have to accept what ever is 'decided' for you.
I think forums like this should also gently encourage all the thousands of startups who dip into the Linux ecosystem pool but do not contribute anything back even after they are successful, sometimes wildly. Github and Redis comes to mind. That doesn't feel right.
Hiring people working on specific open source projects is good, but its not support, its protecting your own interests. Non-conditional funding so they can continue to do their work that you have benefited from is better.
Its like a river, if you keep on taking from it eventually there will be nothing left.