List Archive: gentoo-trustees
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> I thought we were filing for 501c6?
> As I recall, that's what we were set up to do?
That is what Daniel began the filings for, yes.
c6 is a trade association, while c3 is a charity or something
to that effect. The trade associate does not have any tax
benefit for donations and thus doesn't lend to much interest
in massive donations. The ability to write off a product at
it's marketed price for tax purposes is nice.
I believe the reasons Daniel stated for getting C6 as opposed
to C3 was that it is more legitimate. There are a lot of filing
for C3 status that are not legitimate, but do get approved
even without being a for-charity association.
Seeking more legal opinion on our chances of this is WELL
worth the cost, in my opinion. We are _far_ more legitimate
than many of the types of groups that are appoved of regularly.
Strictly speaking, Gentoo isn't a charity, but if we are
approved and don't pose a for the status to be removed
from us, I don't see a problem with it.