> To elaborate on what Michael said, we need to ensure the money remains used > for > the purposes for which SPI is tax-exempt, and also honor the more specific > donor intent. For non-501(c)(3) organizations, additional steps have to be > taken to ensure this well enough to satisfy the US tax authorities, hence the > consultation with the attorney or CPA.
For that matter, we couldn't even transfer to "any 501(c)3". It would have to specifically be a 501(c)3 supporting Free Software. Of course, a foundation for a specific project would qualify. Based on my own (non-professional) experience with NPOs, I'd say that any transfer to a non-US non-profit is likely to be impossible, and projects would be far better off just spending their money down to zero than trying to transfer it. --Josh Berkus _______________________________________________ Spi-general mailing list [email protected] http://lists.spi-inc.org/listinfo/spi-general
