From: Alec Warner <antarus@gentoo.org>
To: gentoo-nfp <gentoo-nfp@lists.gentoo.org>
Subject: [gentoo-nfp] Re: RFC: OSUOSL Fundraiser
Date: Sat, 29 Aug 2020 13:05:46 -0700 [thread overview]
Message-ID: <CAAr7Pr8eVgbu+bcck1B_Eoz1VqqojMwbLzNTdS4DFLoQgw-utg@mail.gmail.com> (raw)
In-Reply-To: <CAAr7Pr-CQ_9BA8Dw7tbUOR9gte2YUvR2HwrmS4DEaD26NfwVaQ@mail.gmail.com>
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https://budgeting.thenest.com/pay-income-taxes-money-received-fundraiser-34381.html
seems to imply that if we have a separate account for fundraising we might
be in a good position to avoid paying taxes on fundraising proceeds. But we
should still follow up with the CPA on this to see what else we should do
for this.
-A
On Sat, Aug 29, 2020 at 12:58 PM Alec Warner <antarus@gentoo.org> wrote:
> Hi,
>
> In our last meeting (the AGM) we briefly discussed giving to the OSL, who
> graciously host much of the equipment for Gentoo Foundation Inc at no cost
> to us (including space, bandwidth, cooling, and power[0].) We have not
> given the OSL money in a few years.
>
> - $50.00 in 2009
> - $6,000 in 2013
> - Possibly a $2,000 payment in 2017; the board approved this payment but
> it's unclear we made it (I sent mail separately to follow up on this.)
>
> The OSL is itself a tax-exempt 501c3 tax-exempt organization. Currently we
> are not, so it seems more efficient to just raise money directly to the
> OSL. I see 3 options here:
>
> (1) Create a fundraiser page that talks about why we need to raise money
> for the OSL and the donate link goes to the OSL donation page.
> (2) Create a fundraiser page that talks about why we need to raise money
> for the OSL, and the donate link goes to a paypal account that is
> specifically for this fundraiser and is time limited (is not our normal
> paypal account.)
> (3) Create a fundraiser page that talks about why we need to raise money
> for the OSL, and the donate link goes to our normal paypal account.
>
> I think (1) is probably 'best' but their donation system seems to only
> take credit cards and I suspect many of our users are more familiar with
> paypal. The difference between (2) and (3) is mostly a question for the CPA
> as to whether, if we do 2 we can avoid paying taxes on these funds (which
> we are basically raising on behalf of a tax-exempt organization.) If there
> is no clear tax advantage for (2) then we should do (1) or (3).
>
> Thoughts?
>
> -A
>
> [0] In 2017 Robin wrote:
> "Gentoo has at OSL:
> * a full-height 42U rack, with 2x 15A 120V power circuits.
> ** 10U is production infra (including VM hosting), full-depth.
> ** 10U of this is dedicated releng systems, full-depth.
> ** 13U presently unused.
> ** 9U (half-depth) is network/power
> ** 5U+ of half-depth releng systems (shared w/ network-power)
> * Access to PowerPC POWER8 releng VMs."
>
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next prev parent reply other threads:[~2020-08-29 20:06 UTC|newest]
Thread overview: 3+ messages / expand[flat|nested] mbox.gz Atom feed top
2020-08-29 19:58 [gentoo-nfp] RFC: OSUOSL Fundraiser Alec Warner
2020-08-29 20:05 ` Alec Warner [this message]
2020-08-29 22:08 ` Aaron Bauman
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