Session will shut down on July 8th unless they raise $1 million dollars in funding

What is the Session Technology Foundation (STF) doing that is too much to ask the community to do? Session and Lokinet are open source, thus if the STF goes bust I wonder if the community who want to keep Session alive could run with the baton. I’m well aware it takes great effort to develop and maintain software and the devs were backed by stable income for this effort. I merely wonder if community control is feasible.