On Thu, Jun 27, 2019 at 11:16 AM Wes Turner <wes.tur...@gmail.com> wrote:
> > From GuideStar (which, like Charity Navigator, also has nonprofit > evaluation criteria) > > https://trust.guidestar.org/bitcoin-what-nonprofits-need-to-know-and-how-it-might-give-your-fundraising-a-competitive-advantage > : > > > Accepting donations in Bitcoin can reduce the financial transaction fees > a nonprofit owes. With Bitcoin, the costs are significantly lower compared > to checks, credit cards, and other digital options, and if your > organization is a registered 501(c)(3), there are zero transaction fees on > platforms such as Coinbase or Bitpay. There is also no risk of bank > charges accruing to the nonprofit in the case of a donor using a fraudulent > credit card. > > * Merch: It may be worth accepting cryptocurrency payments for PSF merch > like T-Shirts, Mugs, Polo shirts: > https://www.python.org/community/merchandise/ > > * Coinbase Commerce integrates with a number of major eCommerce > platforms: > https://commerce.coinbase.com/integrate > > > I'll share Coinbase with our team for review. > * What mailing list and/or CRM can I opt-into with my PSF donation? Is > there a periodic breakdown of expenses that I can backseat-drive and > micromanage? > We go over our finances at the PSF member meetings at PyCon and the EuroPython. In addition to what we have on python.org ( https://www.python.org/psf/annual-report/2019/, https://www.python.org/psf/records/board/treasurer/), financials are also sent to voting members (psf-v...@python.org). The 2018 financials will be sent there this month. If anyone wants to become a voting member of the PSF, let me know off-list and I'll be happy to share the available options! > > From Charity Navigator, it looks like PSF had about $ 2,500,000 in > donation revenue a few years ago. > As of end of 2018, the PSF had almost 3.3M in assets. In 2018, we received $515,000 from "Contributions, Membership Dues, and Grants" ( https://www.python.org/psf/annual-report/2019/). In 2016, our "Contributions, Membership Dues, and Grants" totaled approximately $148,024 to give you a comparison of how things are developing over time. The Annual Impact report also addresses the need for a financial reserve: "The PSF will continue to research diversifying revenue streams, hiring additional staff, and improving our fundraising efforts, which will all affect future financials. We would like to continue to improve the services we provide to the community, expand our programs, and better support developers. We also need to consider risk mitigating factors such as having diverse revenue streams instead of heavily relying on PyCon and a financial reserve of at least 1.5 years (in operating costs). This will help ensure the PSF’s viability for the long run."
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