[OpenLayers-Dev] OSGeo Project Sponsorship
tschaub at opengeo.org
Sat Nov 15 16:46:54 EST 2008
John R. Frank wrote:
>>> In the case of going with the OSGeo Project Sponsorship program, the
>>> OSGeo acts as our fiscal agent. As a 501(c)(3) (US tax code)
>>> organization, they can accept tax deductible contributions toward OSGeo
>> Their application is still pending acceptance. So, it could be a few
>> months before they start giving out receipts for tax purposes.
> The tax exempt status of the donation channel is probably crucial --- at
> least for US-based donors. Other solutions can't really compete with
> OSGEO without that also having tax exempt status. 501c3 applications are
> not complicated but they take calendar time.
> OTOH, until OSGEO gets approved to process donations to projects, they are
> an expensive savings account :-)
Well, its not really as simple as opening a savings account and having
Mr. Corporate Donor make a deposit.
John, can you describe what entity would receive the the "donations" and
how these would be treated for tax purposes?
> If a donor shows up *before* OSGEO can make the donor's donation tax
> exempt, we might as well just open a bank account at regular bank.
> If we want to vote on something now, I think the somethingS are:
> 1) PSC agrees that OL should find a tax exempt donation channel
> 2) PSC hopes that OSGEO will soon be that channel
> 3) PSC agrees to seek donations while #2 sorts itself out
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