21 Apr
2023
21 Apr
'23
1:46 a.m.
On 3/22/23 08:30, Michele Calgaro via tde-devels wrote:
Hi everyone,
so far donations to the TDE project have always ended up to Tim. Although he
is the founder of the project, he has not really been involved in the daily
matters and development for several years.
In the past there has been talks to establish a non-profit TDE organization,
but this has yet to happen.
With release R14.1.0 coming soon, I would like to propose for donations to be
temporarily redirected to Slavek, till the TDE non profit organization is
established. Once the organization comes to birth, the amount of donations can
be transferred over to it.
A transparent public account of donations could be setup, so everyone would be
free to see how donations would be used.
If Slavek needed to pay additional taxes due to the temporary donation income,
I suggest those would be paid out of the donations themselves.
What is your opinion? There is about a month before R14.1.0 is released, so it
would probably leave just enough time to prepare the new setup.
Cheers
Michele
Just have Slavek be the trustee for the "TDE Project Trust". That way he
simply holds the funds for the benefit of TDE and there are no tax
consequences to him.
To establish the trust just make a short memo (in whatever TDE uses to keep
notes of what the project does) that the "TDE Project Trust" is being created
with Slavek as the trustee for the benefit of the TDE Project until the TDE
Non-Profit is created. No other formalities are required.
Slavek collects the funds, and then the Non-Profit is created, simply transfer
the funds to the non-profit.
--
David C. Rankin, J.D.,P.E.