In reviewing this thread for work on our FAQs, I realized that this aspect of the previous contract never got addressed here on this list.
We're not entirely sure where the impression that revenue would be paid out as donations or gifts came from, but it was DEFINITELY never the plan. All revenue terms will be dealt with as revenue. Any words in the (now defunct) contract mentioning gifts and donations were referring explicitly to the actual gifts and donations that developers can elect to receive at the site. Warmly, Laura Laura Fitton, Founder oneforty.com On Sep 29, 4:31 am, Andrew Badera <[email protected]> wrote: > As CTO of a startup involved with 501c3s for over two years now, I'm > pretty confident in stating that development cannot be donated, > period. Services cannot be donated for tax purposes. Only goods can be > donated for tax deductions. Services are always taxable, period. No > tax benefit for donated services. > > ∞ Andy Badera > ∞ +1 518-641-1280 > ∞ This email is: [ ] bloggable [x] ask first [ ] private > ∞ Google me:http://www.google.com/search?q=andrew%20badera > > On Tue, Sep 29, 2009 at 2:47 AM, Chris Babcock > > <[email protected]> wrote: > > > - Some development *is* done by non-profit organizations or could > > possibly be donated to a non-profit. If the structure of the > > developer agreement was conduscive to it, as this is, then > > non-profit work and code donations to non-profit orgs would be > > encouraged and there could be tax benefits. > > > Chris Babcock
