Annual Fundraiser
Eric Richie
eric at adium.im
Thu Jul 28 15:39:00 UTC 2011
On Thu, Jul 28, 2011 at 11:30 AM, Stephen Holt <stephen.holt at gmail.com> wrote:
> How is adium structured, legally?
>
> To my knowledge, Adium is not (officially) any type of organization. Certainly not one that can accept donations directly without a rather significant tax burden (like a 501c3 in the US). Historically, donations have been small and held in trust for Adium by an individual.
This would absolutely be an issue. I have no idea what protection we
would have under IM Freedom, but yes, this could be problematic.
>
> My biggest fear is record keeping and Adium being audited.
>
> My second biggest fear is that an individual will have to accept the donations and be saddled with the tax responsibility. That would suck.
For what it's worth, Evan has been paying taxes on our assets. I don't
know about the funds that IM Freedom holds for us, but I know for a
fact that he's been paying on our donations.
>
> Its early here and I have not yet consumed my coffee, so I may be wrong on how we're legally structured. However, I'm certain we're not able to accept tax-deductible donations.
>
> --
> Steve
>
> Typed with thumbs, not a lawyer, doesn't give legal advice
>
> On Jul 28, 2011, at 6:06 AM, Mike Houben <mail at crazyhstudio.net> wrote:
>
>> Greetings everyone,
>>
>> we just talked on the IRC to initiate a Fundraiser like Wikipedia does. So we can move some of our biggest missings Features a bit forward and help out the Rest.
>>
>> What are your thought about this?
>>
>> Mike
>
>
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