On Thursday, June 27, 2019, Ewa Jodlowska <e...@python.org> wrote:

>
>
> 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.
>

Thanks!


>  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.
>

$515,000 in 2018, thanks. An infographic on the donation page might
increase conversions.


>
> 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."
>

+1
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