The problem there would be US tax law no? You'd have to pay taxes on it - since you as an individual would be receiving it, taxes which would outweigh the donation write-off you'd get on the other end. Now, I am not a CPA or Tax Accountant, so I would highly recommend talking to one before doing anything like that.
It might be, however, feasible to get an existing 501(c)3 to do that for you though; perhaps the FSF, Linux Foundation, or one of the other existing Open Source entities could aid in that manner? Ben ----- Original Message ---- > From: Benjamin Horst <bho...@mac.com> > To: discuss@documentfoundation.org > Sent: Tue, February 8, 2011 12:07:42 PM > Subject: Re: [tdf-discuss] Foundation Fundraising > > Would it be legitimate and useful for a private US citizen to set up a >Kickstarter with the stipulation that the funding would all be donated to the >TDF legal entity in Germany? > > If this approach is sound, then I or another US-based volunteer could set it >up. When the campaign finishes and is disbursed, we'd transfer the money to >TDF. > > > Clear messaging on the campaign information pages would eliminate any likely >misunderstandings from donors and supporters. > > -Ben > > On Feb 7, 2011, at 1:35 PM, drew wrote: > > > On Mon, 2011-02-07 at 18:18 +0000, toki wrote: > >> -----BEGIN PGP SIGNED MESSAGE----- > >> Hash: SHA1 > >> > >> On 02/07/2011 01:27 PM, drew wrote: > >> > >>> A requirement to have to have a US bank account in order to receive > >>> funds >is not the same thing as saying the money must be dispersed in the US only, >is >it? > >> > >> No. > >> > >> A couple of things to do, before setting up the business account: > >> > >> * Make sure that you really want to have a business presence in the > >> state that the bank that handles the account is located in. > >> > >> * Decide what currency you want the account to be denominated in. > >> (I don't know how that affects Amazon Processing.) > >> ( I don't know how FDIC works for non US-Dollar denominated accounts.) > >> > >> * Verify that the bank is financially sound. > >> (The Federal Reserve Bank is on track to close more financial > >> institutions this year, than in the previous two years, combined.) > >> > > > > Good points but I don't see it quite same way, as kickstarter is an all > > of nothing situation - you set a target and if you hit it or exceed it > > you get the funds, if not they go back to the donors - so I would say > > you don't want to setup to do business of any kind in the US beyond the > > ability to accept funds into a checking account and then later transfer > > the funds as one lump sum to the proper account for the foundation and > > close the account. > > > > As for the target amount for 100,000 euro with a close date of March > > 30th, and todays exchange rate or 0.73 it would take $136,166 USD. Given > > the time frame $150,000 would seem a large enough cushion, even with > > fees, anyway that's just my quick swag at it. > > > > Also - Benjamin mentioned a different site that I have no information on > > and perhaps it does not have this US - either way, the necessary banking > > setup and then a media campaign..that is a darn tight schedule. > > > > > > > > > > -- > > Unsubscribe instructions: E-mail to discuss+h...@documentfoundation.org > > Archive: http://listarchives.documentfoundation.org/www/discuss/ > > *** All posts to this list are publicly archived for eternity *** > > > Benjamin Horst > bho...@mac.com > 646-464-2314 (Eastern) > www.solidoffice.com > > > -- > Unsubscribe instructions: E-mail to discuss+h...@documentfoundation.org > Archive: http://listarchives.documentfoundation.org/www/discuss/ > *** All posts to this list are publicly archived for eternity *** > > -- Unsubscribe instructions: E-mail to discuss+h...@documentfoundation.org Archive: http://listarchives.documentfoundation.org/www/discuss/ *** All posts to this list are publicly archived for eternity ***
