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The problem there would be US tax law no? You'd have to pay taxes on it - since 
you as an individual would be receiving it, taxes which would outweigh the 
donation write-off you'd get on the other end.
Now, I am not a CPA or Tax Accountant, so I would highly recommend talking to 
one before doing anything like that.

It might be, however, feasible to get an existing 501(c)3 to do that for you 
though; perhaps the FSF, Linux Foundation, or one of the other existing Open 
Source entities could aid in that manner?


----- Original Message ----
From: Benjamin Horst <>
Sent: Tue, February 8, 2011 12:07:42 PM
Subject: Re: [tdf-discuss] Foundation Fundraising

Would it be legitimate and useful for a private US citizen to set up a  
Kickstarter with the stipulation that the funding would all be donated to the  
TDF legal entity in Germany?

If this approach is sound, then I or another  US-based volunteer could set it 
up. When the campaign finishes and is disbursed,  we'd transfer the money to 

Clear messaging on the campaign  information pages would eliminate any likely 
misunderstandings from donors and  supporters.


On Feb 7, 2011, at 1:35 PM, drew  wrote:

On Mon, 2011-02-07 at 18:18 +0000, toki wrote:
Hash: SHA1

On 02/07/2011 01:27 PM, drew wrote:

A  requirement to have to have a US bank account in order to receive funds 
is not  the same thing as saying the money must be dispersed in the US only, is  


A couple of things to  do, before setting up the business account:

* Make sure  that you really want to have a business presence in the
state that  the bank that handles the account is located in.

*  Decide what currency you want the account to be denominated in.
(I  don't know how that affects Amazon Processing.)
( I don't know how  FDIC works for non US-Dollar denominated accounts.)

*  Verify that the bank is financially sound.
(The Federal Reserve Bank  is on track to close more financial
institutions this year, than in  the previous two years, combined.)

Good points but  I don't see it quite same way, as kickstarter is an all
of nothing  situation - you set a target and if you hit it or exceed it
you get the  funds, if not they go back to the donors - so I would say
you don't want  to setup to do business of any kind in the US beyond the
ability to  accept funds into a checking account and then later transfer
the funds  as one lump sum to the proper account for the foundation and
close the  account.

As for the target amount for 100,000 euro with a close  date of March
30th, and todays exchange rate or 0.73 it would take  $136,166 USD. Given
the time frame $150,000 would seem a large enough  cushion, even with
fees, anyway that's just my quick swag at it.

Also - Benjamin mentioned a different site that I have no information  on
and perhaps it does not have this US - either way, the necessary  banking
setup and then a media campaign..that is a darn tight  schedule.

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