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 our community.”
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.