From: Rich Freeman <rich0@gentoo.org>
To: gentoo-project <gentoo-project@lists.gentoo.org>
Subject: Re: [gentoo-project] Questions for Council candidates: Future of the Foundation
Date: Mon, 29 Jun 2020 11:58:44 -0400 [thread overview]
Message-ID: <CAGfcS_=8aZhDFvwf1HEk7ET+GW3imu-Z0eNTG_BH2-G9v6Z9WA@mail.gmail.com> (raw)
In-Reply-To: <u4kqu1dlf@gentoo.org>
On Mon, Jun 29, 2020 at 4:27 AM Ulrich Mueller <ulm@gentoo.org> wrote:
>
> > * long-term continue to exist as-is non-501c6 state
> > * finish 501c6 state
> > * convert to 501c3 in some way
>
> If it continues to exist, then one of the two tax-exempt states. I am
> not familiar with the details, so I don't know what the legal obstacles
> for either of them are. (As I understand it, 501c3 is the equivalent of
> "gemeinnützig" in Germany.)
I believe 501c6 is relatively easy to do, but donations received are
not deductible to the donor (something increasingly less relevant in
the US due to the increase in the standard deduction). 501c3 is hard,
because it is actually recognized as a charity.
Examples of 501c3s:
SPI
SFLC
EFF
American Red Cross
Amnesty International
Doctors Without Borders USA
Examples of 501c6s:
OSSI
Linux Foundation
Bitcoin Foundation
National Football League (the other football) - this might actually be
in a state of flux/transition away from this status
US Chamber of Commerce
Distilled Spirits Council of the United States
American Petroleum Institute
American Medical Association
Tobacco Merchants Association of the United States Inc
Basically 501c3 has to demonstrate a benefit to the public (but they
cannot advocate/campaign for politicians), and 501c6 has to
demonstrate that they primarily benefit other corporations/trades/etc
(they're exempt under the logic that they serve to increase the
profits of other organizations that do pay taxes). The bar is
obviously lower for 501c6 but the benefits of this status are also
limited.
IMO 501c3 is more in keeping with our community-based tone, but I
started caring a lot less about this after the recent US tax changes
which makes this status almost irrelevant to anybody who isn't a
fairly large donor (the benefit applies if you cumulatively donate to
a lot of orgs in general - not just a large donation to one org). I'm
not sure that 501c6 really reflects where we want to be, but it might
save us some tax dollars. I'd be interested in just how much it would
actually save us though - it might make sense to just be a regular
corp from an IRS standpoint (which is very little red tape if you pay
your taxes, and it results in almost no restrictions on what you can
do - corporations are people too after all...).
--
Rich
--
Rich
next prev parent reply other threads:[~2020-06-29 15:58 UTC|newest]
Thread overview: 17+ messages / expand[flat|nested] mbox.gz Atom feed top
2020-06-29 6:30 [gentoo-project] Questions for Council candidates: Future of the Foundation Robin H. Johnson
2020-06-29 8:27 ` Ulrich Mueller
2020-06-29 15:58 ` Rich Freeman [this message]
2020-07-04 16:33 ` Andrew Savchenko
2020-07-04 21:43 ` Rich Freeman
2020-07-05 0:57 ` Alec Warner
2020-07-05 3:20 ` Aaron Bauman
2020-07-06 19:30 ` Alec Warner
2020-07-06 21:11 ` Aaron Bauman
2020-07-06 22:49 ` Alec Warner
2020-07-07 2:35 ` Aaron Bauman
2020-07-05 11:02 ` Andreas K. Hüttel
2020-06-29 14:38 ` Andreas K. Huettel
2020-06-29 17:41 ` Aaron Bauman
2020-06-29 17:19 ` Aaron Bauman
2020-07-01 19:36 ` Brian Dolbec
2020-07-02 21:26 ` William Hubbs
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