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

[Andrew Savchenko]

On Mon, 29 Jun 2020 11:58:44 -0400 Rich Freeman wrote:
> On Mon, Jun 29, 2020 at 4:27 AM Ulrich Mueller <ulm@g.o> wrote:
[...]
> IMO 501c3 is more in keeping with our community-based tone, but I
> started caring a lot less about this after the recent US tax changes
> which makes this status almost irrelevant to anybody who isn't a
> fairly large donor (the benefit applies if you cumulatively donate to
> a lot of orgs in general - not just a large donation to one org).  I'm
> not sure that 501c6 really reflects where we want to be, but it might
> save us some tax dollars.  I'd be interested in just how much it would
> actually save us though - it might make sense to just be a regular
> corp from an IRS standpoint (which is very little red tape if you pay
> your taxes, and it results in almost no restrictions on what you can
> do - corporations are people too after all...).

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.

Best regards,
Andrew Savchenko