[LGM] Libre Graphics Meeting Fundraising Partnership

[Frank Trampe]

On Tue, May 15, 2018 at 10:21 AM, Martin Michlmayr <tbm at cyrius.com> wrote:

> * Frank Trampe <frank.trampe at gmail.com> [2018-05-11 16:42]:
> > This year and next year, a German non-profit, K8 (affiliated with our
> 2019
> > hosting committee), is accepting and disbursing funds for us.
>
> I cannot find anything about K8.  Are they are generic open source org
> or some specific entity for something else?
>

K8 is a research organization affiliated with a college. Here
<http://www.hbksaar.de/institution/k8/>'s the website.


>
> > This arrangement has worked rather well so far, and, given what you've
> > said, we might inquire about extending our relationship with K8 past
> 2019.
> > The one remaining gap, though, is 501(c)3 status for soliciting donations
> > from businesses domiciled in the United States. This invites another
> > question, I guess. Would it be possible for SPI to collect donations and
> > then to transfer the money raised to a European non-profit?
>
> I'm not sure.  We'd have to speak with our legal advisors on this.  We
> wouldn't just be able to "forward" the funds to a non-US entity.
> However, I suppose the European entity could charge us for relevant
> services or something.  We'd have to look at that in detail.
>
> If it's legal, that sounds like a great approach.


> > If so, what sort of fees would that incur?
>
> Whatever fees the payment processors (PayPal, etc) charge, plus the 5%
> SPI charges plus whatever transfer costs there are to Europe (we use
> Transferwise to make payments to European accounts).
>
> Great. 5% seems perfectly reasonable.


> --
> Martin Michlmayr
> https://www.cyrius.com/
>
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