Re: [tdf-discuss] Foundation Fundraising

On 8 February 2011 11:34, Florian Effenberger <floeff@documentfoundation.org
> wrote:

> Hi,
>
> thanks for your contributions, great to see things moving! :-)
>
> Well, I think opening an US bank account is problematic at least from the
> time perspective, but maybe also from a legal PoV - our association might
> not be eligible to do so, as we are accredited in Germany and have special
> tax rules applied here.
>
> Jonathan Aquilina wrote on 2011-02-08 10.18:
>
>  Is the TDF an NGO. If its based in the EU the organization can possibly
> > get a lot of funding from the EU itself.
>
> IIRC, the EU only funds existing entities, i.e. they will only fund us when
> the Foundation itself exists.

That is correct. One avenue would be to create a company limited by
guarantee or Community Interest Company in the UK - costs about 50 Euro and
then use that to raise money to set up the German Foundation after say a
year and just transfer any surplus money. Note that for EU grants you have
to submit accounts so probably you need a years operation to generate those.
So the earlier the better. Of course there are some advantages to having two
sister companies since they could be partners in an EU project. That could
even be a deliberate strategy. You could then get money for study visits and
mobilities between them. Organise a preparatory meeting at one and you have
the potential for people from other countries to get paid by their NA to
attend the meeting. You could even set up a thematic network with funding
for partners to travel meet and discuss things.

Florian
> --
> Florian Effenberger <floeff@documentfoundation.org>
> Steering Committee and Founding Member of The Document Foundation
> Tel: +49 8341 99660880 | Mobile: +49 151 14424108
> Skype: floeff | Twitter/Identi.ca: @floeff
>
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