On Wed, 21 Jun 2006 14:22:12 -0700 Bryce Harrington <bryce@...983...> wrote:
On Wed, Jun 21, 2006 at 03:40:30PM -0500, Ted Gould wrote:
On Wed, 21 Jun 2006, Bryce Harrington wrote:
Also, I just received word today from the Software Freedom Conservancy (http://conservancy.softwarefreedom.org/) that they have accepted Inkscape's application to join them.
This means that once the paperwork is done, donations to Inkscape will henceforth be tax-deductable, and Inkscape will exist as a legal, non-profit entity. More info about this is available here:
That's great. I had kinda looked into doing this on our own, and it was well, more difficult than I wanted.
BTW:
"The Software Freedom Conservancy is in the process of applying for tax-exempt status, which would apply retroactively to donations made before that status is conferred. Donations made today are not tax deductible, but upon receipt of tax-exempt status they would retroactively become deductable."
So, don't count on tax deductions right away.
That page may be out of date; many of the rules relate to avoiding things that would jeopardize the tax exempt status, so I'm assuming this is either in place or soon shall be.
Also, from my understanding (talk to your tax advisor) you should be able to deduct travel that is directly associated with helping a non-profit on your US taxes. So, if you want to the Libre Graphics conference for the purpose of working on Inkscape, you could deduct the expenses. Again, check with your tax advisor.
Thanks, good call. I wonder of hotel expenses would qualify as well?
When this goes through, I think we should look into trademarking the name and logo. Would they also become the holder of the domain name? I worry about Mental getting hit by a bus, and he won't move to the middle of the desert ;)
It sounds like they can do these things, as well as also holding copyright assignments if we want to (so we could list files as copyrighted by Inkscape). It sounds like we can arrange these things later once the basics are in place, so we've got plenty of time to discuss how we want to make use of this.
Bryce
All really good news.
... Reminder to self: absolutely MUST dip hand in pocket soon!