▲ | aduffy 3 days ago | ||||||||||||||||
Believe it or not, this is how the Linux Foundation organizes itself. It's more legwork than something simpler like Apache Foundation. Basically in the US you need a legally recognized entity to hold intellectual property. "Donating" the project involves setting up a "Series LLC" that is nested underneath the top-level Linux Foundation corporation, and donating the IP into it. Checkout https://docs.linuxfoundation.org/lfx/project-control-center/... and ctrl-f "LF Projects, LLC" | |||||||||||||||||
▲ | bflesch 3 days ago | parent [-] | ||||||||||||||||
Oh, thanks for pointing that out. I got it all mixed up. But I think my argument still stands. Linux foundation is a 501(c)(6) nonprofit, see https://www.linuxfoundation.org/legal/bylaws So you might still be able to do an "intellectual property transfer" to them and use it as a tax write-off. The "LF Projects LLC" is then the new owner, only the operating company who has the ongoing hosting contracts for the websites. Edit: Not sure if a donation to 501(c)(6) can be used as write-off without using some other legal loopholes. Quick AI search told me that only 501(c)(3) can do the donation tax write-off thing. I'm sure there are some good tax lawyers behind this, who am I to understand it as a mere mortal I am just jealous. | |||||||||||||||||
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