I kinda like the B-Corp idea that Dieter came up with. http://en.wikipedia.org/wiki/Benefit_corporation http://www.bcorporation.net/what-are-b-corps/the-non-profit-behind-b-corps
On Sat, Jan 5, 2013 at 11:49 AM, Troy Benjegerdes <[email protected]> wrote: > Before I join a non-profit board, the first question I ask is > "What is the compensation for board members to do all that hard > boring work" > > How about we re-start the OHF, apply for 501c3 status, and > compensate board members by giving them devel boards for the > free hardware we are promoting, with which they can either > develop on, or sell on ebay. > > We could do an OpenShader kickstarter/indiegogo/etc/ project > to set up a 501c3, and develop and fabricate 20 FPGA boards with > PCI-E, DDR3 ram, and displayport. > > I'm going to guess this is a $15k to $30k project, about $5k of > which will go to the lawyer(s) to do the 501(c)3. > > Another alternative I'd like to try is a mutual-benefit developer > cooperative. This way we can make a profit and pay license fees > to a Cayman Islands(or other) incorporated holding company, and > have the for-profit flexibilty but still pay no taxes, just like > all the big companies. > > The for-profit developer cooperative would be a $5-$10K crowdfunding > deal because I'd be willing to cash out my 401k and (up to $10k) do > a matching investment because I think it will have a long-term > payoff. > > On Sat, Jan 05, 2013 at 11:17:12AM -0600, Patrick McNamara wrote: > > It was wrapped up as a legal entity. Donations received by the OHF > > were transferred to LinuxFund.org and contributed to funding the > > production of OGD1 boards. > > > > Basically, running a non-profit corporation is a lot of work, just > > in paperwork and such. Trying get 501(c)(3) non-profit status is > > even more paperwork. The board of directors did what they could to > > help, but in reality very few people want to do the hard, boring, > > behind the scenes stuff on such a project. I had to much going on > > in my personal life to be able to devote the time needed and the > > folks over at LinuxFund.org were willing to take over the role of > > getting the OGD1 boards funded for production so the decision was > > made to shut down the Open Hardware Foundation. > > > > That's the short version. > > > > Patrick M > _______________________________________________ > Open-graphics mailing list > [email protected] > http://lists.duskglow.com/mailman/listinfo/open-graphics > List service provided by Duskglow Consulting, LLC (www.duskglow.com) >
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