[ZF] Why is non-profit status important?
Benji York
benji at benjiyork.com
Fri Feb 10 15:09:52 UTC 2012
On Fri, Feb 10, 2012 at 9:14 AM, Jim Fulton <jim at zope.com> wrote:
> Given that the board members are all busy, pursuing non-profit
> status seems like a waste of time.
Agreed. As far as I can tell, non-profit status primarily serves to
allow individuals to claim a deduction for a donation to the ZF and
provides some assurance that the donation won't go to enrich an
individual or company (non-profits can only give funds to other
non-profits, etc.).
Unless there is something that prohibits going non-profit in the future,
the foundation might as well wait until there is strong, demonstrated
demand for non-profit status before putting in the work.
--
Benji York
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