On 07/02/2012 12:17 PM, Siju George wrote:
On Wed, Jun 27, 2012 at 11:52 PM, Juan Francisco Cantero Hurtado
<i...@juanfra.info> wrote:
For deduce taxes from donations, the dragonfly project needs create a
non-profit organization and this is something complex and time
consuming.
OpenBSD project hesitated for a long time due to the same reason. The
I guess developer Bob Beck to the initnksative to start the OpenBSD
foundation. If some body needs info on how to do this I guess he might
be able to help.
Thanks
Siju
I think there are two important distinctions to make here. First the
OpenBSD foundation is based in Canada, and secondly they are not a
registered charity because of the paperwork and overhead this would
cause. Being a non-profit doesn't automatically make your donations
tax-deductible. In our case this would mean, on top of starting a
non-profit, we would need to apply for 501(c)(3)
<https://en.wikipedia.org/wiki/501%28c%29_organization#501.28c.29.283.29> status.
Regarding the paperwork and administration, starting a non-profit is
relatively easy, and achieving and maintaining a charitable status is hard.
However if we just started a non-profit we could start accepting
donations without an individual (i.e. Matthew Dillon) being personally
responsible for the taxes, potentially creating a difficult bookkeeping
situation for him solely.
We could just start a non-profit so we can start accept donations right
now and get to tax-deductibility later on. I'm not an American citizen
(I'm Dutch), but if we do decide to start a non-profit I would be more
that willing to help sort everything out.
Cheers,
Jelle
