Document Foundation Announce Race for Funds
Document Foundation announce 50,000 Euro Race for Funds.
The Document Foundation has announced a fifty-thousand Euro “race for funds” challenge
to establish the Foundation as a legal entity. Currently, The
Document Foundation is not a legal entity, and the OpenOffice.org
Deutschland e.V. holds the Foundation’s legal assets, and accepts
donations on behalf of The Document Foundation.
“After thorough investigation, the Steering Committee came to
the conclusion that a foundation based in Germany would provide the
best stability, not only for our users, but also for adopters,
developers and enterprises. For achieving this stability, a capital
stock of at least 50,000 Euros is considered best practice in
Germany,” said Florian Effenberger, a Steering Committee member of
The Document Foundation. “Now that we have our first release of
LibreOffice, which has been downloaded and installed all around the
world, the time has come to legally establish the future home for
All users are being encouraged to contribute. After the target
has been reached, all additional donations will go towards covering
future operating costs. If the target is not met, the Document
Foundation will use the money raised to set itself up in a country
that requires less capital stock. Contributions can be made at the
dedicated LibreOffice 50,000 Euro Challenge website. The
fundraising will run until March 21st, 2011.