Gentoo Linux Becomes a Software in the Public Interest Project Because…Bookkeeping and Taxes
Gentoo Linux Becomes a Software in the Public Interest Project Because…Bookkeeping and Taxes
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8 comments
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Maybe I am tired(its2:00am)but why are they ‘going away from being a 501c3? This article does not explain it well.
I would like to know the reason why along with Danial’s opinion even though he has been doing his on thing with Funtoo for 10 years or so
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why are they ‘going away from being a 501c3?
You've got it backwards. They're dissolving their old non-501(c)(3) Foundation that they use to manage their finances currently, and becoming a part of an existing 501(c)(3) called Software in the Public Interest (SPI)
TL;DR from the article, they're doing this to:
- Offload the overhead expense of independently managing their finances/accounting, by merging with someone who already has a robust system in place
- Save money by becoming tax exempt
- Allow themselves to accept matching gifts from donors whose employers support such things
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So, since I live in Australia, it means no changes. Got it.
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I think, regardless of where you're donating from, this means less overhead and your money goes a little bit farther on the charity's side, which is a win for everyone.
You're right though that it's not tax deductible for you, so the amount you can donate does not change, just the effectiveness of those dollars.
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Reading between the lines on the gentoo-dev mailing list, I gather that the old system just was not working very well, with friction between the Foundation and the technical side of the distro.
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8 comments