Gentoo Linux Becomes a Software in the Public Interest Project Because…Bookkeeping and Taxes - FOSS Force
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Gentoo Linux is in the process of shuttering its Gentoo Foundation now that it's become a Software in the Public Interest project.
  • @[email protected]
    26•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
    • @trolololol
      1•7 months ago

      So, since I live in Australia, it means no changes. Got it.

      • @[email protected]
        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.