[arch-general] Why are financial contributions not accepted?

Martin Zecher mzecher at gmail.com
Sun May 1 12:07:03 EDT 2011


What about Google Checkout?


On Sun, May 1, 2011 at 10:29 AM, Thomas S Hatch <thatch45 at gmail.com> wrote:

> On Sun, May 1, 2011 at 3:19 AM, Kaiting Chen <kaitocracy at gmail.com> wrote:
>
> > On Sun, May 1, 2011 at 2:39 AM, Allan McRae <allan at archlinux.org> wrote:
> >
> > > On 01/05/11 15:35, Johannes Held wrote:
> > >
> > >> On 01.05.2011 04:13, Ray Kohler wrote:
> > >>
> > >>> I also have donated in the past, and would do so again if it were
> made
> > >>> possible.
> > >>>
> > >> What about a normal bank transfer to one of Arch's core maintainers?
> > >>
> > >>
> > > That would have taxation implications for that developer.
> > >
> >
> > At least the US allows for something like $5,000 tax exempt in personal
> > gifts each year. --Kaiting.
> >
> > --
> > Kiwis and Limes: http://kaitocracy.blogspot.com/
> >
>
> I believe the amount was $11,000 for 2010, but I need to check.
>
> This is a serious problem, for a lot of reasons, especially that Arch could
> use some more money :). The server resources are limited, and having more
> resources would be great!
>
> I will check with my accountant as to the best solution for this problem, I
> think that the easiest solution would be legal formation of an entity that
> deferred taxation responsibilities away from guys like Aaron.
>
> I don't think that we need to become a 501(c)3. That can be very expensive
> for an organization like Arch, since it is not blatantly clear that we are
> a
> non-profit (They hand those out like candy to organizations that
> "help children" for instance, but it took the Linux Kernel Foundation years
> to get it, even though I would argue that Linux definitely helps children).
> But another organization format will almost certainly be cheaper (most
> legal
> business entities in the USA can be formed for less than $50) and most of
> what 501(c)3 buys you is letting your donors declare the donation to be tax
> exempt.
>
> -Thomas S Hatch
>



-- 
Martin

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