• Pacmanlives@lemmy.world
    3·
    7 months ago

    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

    • RvTV95XBeo@sh.itjust.works
      27·
      7 months ago

      why are they ‘going away from being a 501c3?

      You’ve got it backwards. They’re dissolving their old non-501©(3) Foundation that they use to manage their finances currently, and becoming a part of an existing 501©(3) called Software in the Public Interest (SPI)

      TL;DR from the article, they’re doing this to:

      1. Offload the overhead expense of independently managing their finances/accounting, by merging with someone who already has a robust system in place
      2. Save money by becoming tax exempt
      3. Allow themselves to accept matching gifts from donors whose employers support such things
        • RvTV95XBeo@sh.itjust.works
          2·
          7 months ago

          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.

    • nyan@sh.itjust.works
      3·
      7 months ago

      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.