Open Source Collective shutting down
Open Source Collective shutting down
Editing to avoid confusion
Do not confuse Open Collective Foundation with Open Source Collective: https://opencollective.com/opensource/updates/regarding-the-announcement-to-dissolve-open-collective-foundation
This is even more confusing because the org behind Open Collective (opencollective.com) is called " Open Source Collective" whereas the org behind Open Source Collective (oscollective.org) is called Open Collective Foundation.
I believe the author here is confused as well
EDIT: I'm even more confused. Links from oscollective.org point back to opencollective.com. 😵💫
The naming situation here is like a monty python skit
Splitters!
Judean Peoples Front! Fuck off.. Judean Peoples Front... We're the Peoples Front of Judea!!!!
Splitters!
This post is unfortunately quite misleading : OpenCollective is not shutting down! The news is just that the Open Collective Foundation, a fiscal host on the Open Collective Platform, is going to be dissolved and that collectives using this fiscal host will have to transfer their funds to another fiscal host.
I read this post earlier and only now the second time around, it makes sense. Thanks!
Very sad. Was a great way to donate to projects without dealing with ScamPal or going through the troubles of getting crypto
Important: Do not confuse Open Collective Foundation with Open Source Collective: https://opencollective.com/opensource/updates/regarding-the-announcement-to-dissolve-open-collective-foundation
From Regarding the announcement to dissolve Open Collective Foundation:
Please be assured Open Source Collective is not affected and will continue to operate as usual. ... The similarity in our names stems from a common origin, as the founders of Open Source Collective were also involved in creating the fiscal hosts Open Collective Foundation and Open Collective Europe.
Mastodon.world's open collective fiscal host is Open Collective Europe. So it seems that would be fine?
At this point I'm too confused to figure it out :D
Last day to accept funds/receive donations: March 15, 2024
Last day collectives can have employees: June 30, 2024
Last day to spend or transfer funds: September 30, 2024
Seems quite sudden especially when I can't really think of a lot of comparable websites projects could migrate to.
So just move to Open Source Collective. What even is Open Collective Foundation and why did they exist?
So like, where do they lose money?
Somehow it seems that the 501(c)(6) is more profitable than the 501(c)(3), but I dont understand why.
Profitability might not be the issue, neither are supposed to function solely to make a profit. From the linked blog post, referencing an email, it is stated that its costing more than the revenue can support.
From a general internet search:
c(3)'s can't engage too much (or at all) in legislative stuff but a c(6) can
c(3)'s are supposed to do things to help a group outside of itself while c(6)'s are supposed to exist to support their members
c(6)'s aren't required to report personal information of a person/entity making a donation to the IRS or public
So Patreon is the only workaround atm.
Nope. Just use Open Collective. If you're a FOSS project, use Open Source Collective. Neither are shutting down.
Luckily not! There's LiberaPay, which I find preferable to OpenCollective anyway. No confusion with hosts and it's clearly non-profit.
The problem is Liberapay is that it's not a fiscal host. i.e.you need to take the money, declare taxes on it etc.
I'm even more confused. Links from oscollective.org point back to opencollective.com. 😵💫
Thats because one is the entire website and another is a fiscal host on that website. They both exist on the same website.
One is a square. One is a smaller circle inside the square.
ye, but the names are not helping.