So.... you just created a 501(c)(3) tax-exempt organization to offer grants for product development.

Yeah, this will end well.

Here are a couple salient portions of our IRS application to put your mind at ease. :^)

> In limited circumstances, the Foundation may make grants to organizations that are not described in IRC Section 501(c)(3), or to individual OSS developers, maintainers, researchers, and educators. These grants will support persons and organizations engaged in developing, maintaining, securing, documenting, or conducting research on free and open source software critical to public digital infrastructure.

> Any such grants will be made exclusively for charitable or educational purposes, with the Foundation retaining complete discretion and control over the use of funds consistent with Revenue Ruling 68-489.

[...]

> In addition to project-based grants, the Foundation will make recognition awards to individuals who have made extraordinary contributions to OSS serving as critical public digital infrastructure. These awards are analogous in structure and purpose to MacArthur Fellowships, the National Medal of Science, Pulitzer Prizes, and similar recognition programs administered by 501(c)(3) organizations.