From owner-freebsd-hackers Fri Jun 7 22:28:05 1996 Return-Path: owner-hackers Received: (from root@localhost) by freefall.freebsd.org (8.7.5/8.7.3) id WAA09863 for hackers-outgoing; Fri, 7 Jun 1996 22:28:05 -0700 (PDT) Received: from time.cdrom.com (time.cdrom.com [204.216.27.226]) by freefall.freebsd.org (8.7.5/8.7.3) with ESMTP id WAA09809 for ; Fri, 7 Jun 1996 22:27:59 -0700 (PDT) Received: from localhost (localhost [127.0.0.1]) by time.cdrom.com (8.7.5/8.6.9) with SMTP id WAA10449; Fri, 7 Jun 1996 22:27:46 -0700 (PDT) To: crb@glue.umd.edu (Christopher R. Bowman) cc: hackers@freefall.freebsd.org Subject: Re: hackers-digest V1 #1211 In-reply-to: Your message of "Sat, 08 Jun 1996 00:40:30 EDT." Date: Fri, 07 Jun 1996 22:27:46 -0700 Message-ID: <10447.834211666@time.cdrom.com> From: "Jordan K. Hubbard" Sender: owner-hackers@FreeBSD.ORG X-Loop: FreeBSD.org Precedence: bulk > >While the FreeBSD Project is not a 501(C3) (non-profit) corporation and > >hence cannot offer > >special tax incentives for any donations made, any such donations will be > >gratefully accepted on > >behalf of the project by FreeBSD, Inc. > > Why isn't it a 501 c3? Because my lawyer talked me out of that. It's an ongoing booking headache which I really don't need. Keeping the books for a 501(c)3 also costs around $1K/yr (if you want to KEEP your non-profit status), which far more than for a run-of-the-mill C corp. With our current assets, the first year would have wiped us out already. :-) Jordan