Mozilla Foundation Donations Now Tax-Deductible
Friday August 29th, 2003
Via an arrangement with the Open Source Applications Foundation, donations to the Mozilla Foundation are now tax-deductible under IRC Section 501(c)(3) of the United States tax code. The Mozilla Foundation does not yet have the required certification for exemption under 501(c)(3) but OSAF does. Essentially, you send your donation to OSAF and they then pass it all on to the Mozilla Foundation. More information is available on the donations page.
#6 Re: think it's ok
Saturday August 30th, 2003 5:53 PM
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THere are explicit rules in the tax code about how donations may be gien and dispersed. I know that one such rules prohibits direct funneling in certain circumstances. I can't donate to the Salvation Army and dictate that they then donate that same amount of money to Bob next door, as that could be a tax free method of exchanging simple payments (avoiding taxes). As I said, I'm not sure the exact details as to when direction of funds is and isn't illegal, nor how this works, merely bringing it up as something to be careful of and think about.