[OSM-legal-talk] Foundation acknowledged as non-profit?

[Frederik Ramm]

Hi,

Jens Müller wrote:
>> Personally, I believe that chariable status is an administration 
>> nightmare as soon as you deal with a meaningful budget. You will end up 
>> paying tax attorneys just to remain charitable and in the end you're not 
>> better off than if you had just ignored the whole charitable thing.
> 
> As soon as you deal with a meaningful budget you better have transparent 
> budgetting anyway, because that is what your donors expect of you.

Be too transparent and you lose charitable status in no time ;-)

Bye
Frederik