Re: [gentoo-project] Questions for Council candidates: Future of the Foundation

[Aaron Bauman]

On Mon, Jul 06, 2020 at 12:30:04PM -0700, Alec Warner wrote:
> On Sat, Jul 4, 2020 at 8:20 PM Aaron Bauman <bman@g.o> wrote:
>
> >
> >
> > On July 4, 2020 8:57:33 PM EDT, Alec Warner <antarus@g.o> wrote:
> > >On Sat, Jul 4, 2020 at 2:44 PM Rich Freeman <rich0@g.o> wrote:
> > >
> > >> On Sat, Jul 4, 2020 at 12:33 PM Andrew Savchenko <bircoph@g.o>
> > >> wrote:
> > >> >
> > >> > This is one more aspect to this: some companies double donations
> > >> > for 501c3 organizations. A friend of mine works in a large
> > >> > corporation with HQ is the US and told me that his employer doubles
> > >> > any donations made to 501c3, so he made no donation for Gentoo,
> > >> > because that will mean loosing money for community which otherwise
> > >> > can be doubled. So it is likely that 501c3 will increase incoming
> > >> > donations.
> > >>
> > >> That is a really good point and I'll expand on this.
> > >>
> > >> Some organizations will only donate money to 501c3 organizations.
> > >> Basically they're letting the IRS do the due diligence around whether
> > >> the organization is actually charitable.  They can potentially also
> > >> receive tax benefits this way.
> > >>
> > >> If you want to receive grants/donations from other 501c3
> > >organizations
> > >> you will be far more likely to get them if you are yourself a 501c3
> > >> organization.  These transactions receive far less scrutiny than
> > >> transfers from 501c3s to other types of corporations.
> > >>
> > >
>
> https://archives.gentoo.org/gentoo-project/message/106055a4c7b58694172f392e0279ec47
>
> -A

Seems folks had ideas, but you (really we/Trustees) did not respond. Of
course, it also seems many tried to divert the idea of spending any
money without consulting Robin as the lead for finanances.

For the record, Robin calcualted (IMHO, very well) what we could spend
and what we couldn't. So, for those following this mail, please know
that due diligence is completed before any funds are appropriated. Then
and now.

-- 
Cheers,
Aaron