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415 points joice | 1 comments | | HN request time: 0.416s | source
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hellcow ◴[] No.41860232[source]
Instead of structuring this as a fund, why not a non-profit? Then you could solicit tax-deductible donations which get funneled to these FOSS projects as part of your mission. Seems like a possible way to scale this to something much larger than yourselves.
replies(1): >>41860860 #
1. pacmansyyu ◴[] No.41860860[source]
Hi, I'm from the team at Zerodha.

> Instead of structuring this as a fund, why not a non-profit?

Thank you, this is an interesting suggestion. While a non-profit structure could potentially increase donations, implementing this globally would be extremely complex.

Particularly because tax laws vary by country, which would require us to be registered as a non-profit in most, if not all countries, and comply with their jurisdiction. The administrative overhead and legal complexities of managing a truly international non-profit outweighs the benefits for our current scale. We appreciate the idea and will keep it in mind as we grow, but for now, we're focusing on efficiently directing funds to FOSS projects through our current model.