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Making Financial Contributions (Sponsoring)
Contributions to Collectives hosted by the Open Source Collective are not tax-deductible, as we are a 501(c)(6) nonprofit, not a charity 501(c)(3).
There are many ways you (or your company) can support open source projects hosted by Open Source Collective:
Once you choose to contribute from the collective’s profile, our platform will guide you through the rest of the process, including choosing between credit card, PayPal, and electronic bank transfer via ACH (US banks only) or wire.
The fastest way to have access to funds is through Card/PayPal donations made directly on the Open Collective Platform.
Bank transfers (e.g. ACH, wire) are done manually - this means it takes the funds a couple of days to clear due to bank processing times. Once the funds are cleared by the bank, the allocation of the funds requires additional actions from OSC. It is important to allow for a few days (minimum 3~5 business days) when awaiting donations made via bank transfer.
If you select to make a contribution via bank transfer, you will automatically be given bank transfer instructions, on-screen and by email, along with a unique reference ID code.
You must include the unique ID code as a reference with your bank transfer, so we can match up the transaction.
Once the money has arrived, we will credit the amount to the initiative’s balance and you will automatically receive a receipt.
- We are changing our donation procedures and collecting personal information from the person making the crypto donation to follow KYC and AML procedures.
- We will only accept crypto donations in amounts equal to or over $2,500.
If you want to donate or accept a crypto donation, we will accept it on your behalf, convert it to fiat (USD), and attribute the balance to a hosted collective.
To initiate this process, please fill in this form with the donor's information (including full legal name, place of birth, date of birth, and current address), and we will reach out regarding the next steps.
Open Source Collective doesn't store donor credit card numbers on our servers. Instead, we partner with Stripe, a secure solution that is widely adopted by the industry, to process one-time and recurring contributions.
Open Source Collective does not accept check donations.
Open Source Collective charges our hosted Collectives a fixed 10% fee on all contributions received in return for our fiscal hosting services.