List Archive: gentoo-trustees
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bah.. replied to this once but forgot to change the profile on my mailer so
it bounced.. let me try again
On Tuesday 29 June 2004 05:43 pm, Nicholas Jones wrote:
> 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 read something last night about having 2 organizations in tandem, the
parent a c6 and the subsidiary a c3 (which could accept and funnel
donations). This may be an avenue down the road if we see it necessary.
With that possibility in mind, I'd be much happier about a c6.
> 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.
I don't look at organizations differently based on their IRS status. If
anything, c3's use it to their advantage when asking for donations.
> 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.
I've already been doing this, but for some reason most lawyers don't like to
give their advice for free. We need as many "second opinions" as we can
Corey Shields - Gentoo Linux Infrastructure Team
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