donation : money : small amount : recurring
david.crosswell2 at gmail.com
Mon Jul 2 12:28:37 PDT 2012
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On 02/07/12 21:28, Jelle Hermsen wrote:
> On 07/02/2012 12:17 PM, Siju George wrote:
>> On Wed, Jun 27, 2012 at 11:52 PM, Juan Francisco Cantero Hurtado
>> <iam at juanfra.info> wrote:
>>> For deduce taxes from donations, the dragonfly project needs create a=
>>> non-profit organization and this is something complex and time
>> 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.
> 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)
> 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.
Something like this could be handy:
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