Donations and legal entities

This question at the howling void about donating to open source projects (in this case, DesktopBSD) got me thinking. I’ve been meaning to investigate setting up a DragonFly nonprofit similar to FreeBSD and NetBSD‘s foundation efforts, in order to receive donations and have a legal entity. Anyone have experience with setting up a 501(c)3 company?

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2 Comments on Donations and legal entities

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  1. M.K. says:

    I’ve got an even better idea. Set up a Corporate Sponsorship page where companies worldwide can sponsor DFly in exchange for an advertisement link to their web site. That way, US & foreign businesses can claim a tax deduction (as advertising cost). Big sporting events have been doing stuff like this for years.

  2. justin says:

    I’m not so worried about donations; we already have a good number of people generously donating their time and equipment.

    I’m more interested in having a legal entity that can sign agreements. Some products like java require some processing, legally, to be used at this point.