Re: European bank account for donations

[Alexander van Loon <a vanloon alexandervanloon nl>]

On Sat, 2012-03-10 at 21:48 +0800, Frederic Muller wrote:
> 
> On 03/10/2012 03:41 PM, Frederic Crozat wrote:
> > Le 9 mars 2012 23:51, "Luc Pionchon" <pionchon luc gmail com
> > <mailto:pionchon luc gmail com>> a écrit :
> >  >
> >  > On Fri, Mar 9, 2012 at 22:36, Brian Cameron <brian cameron oracle com
> > <mailto:brian cameron oracle com>> wrote:
> >  > >
> >  > > Are any of GNOME's 3 sister organizations that have bank accounts in
> >  > > Europe a tax free charity currently?
> >  >
> >  > About French associations tax law, in a nutshell:
> >  >
> >  > GNOME-FR is a non-profit organization, so called "association loi
> >  > 1901". As a non-profit organization, it is tax free. I am not sure
> >  > what you mean by "charity" and how it translates into French fiscal
> >  > system.
> >
> > Charity is mean in the sense donations are deductible from your own tax.
> > GNOME-fr is not a charity in that sense, it would need to become a
> > "association reconnue d'utilité publique", which is a lot of paper work
> > and budget .
> > --
> > Frédéric Crozat
> >
> >
> 
> Couldn't you guys hold the fund for a while and then do a 'group' wire 
> transfer to the GNOME Foundation: at least that would lessen the 
> individual donation cost by quite a lot.
> 
> Another way would be to keep those funds to be spent on GNOME Foundation 
> expenses during GUADEC for example (or some GNOME Foundation sponsored 
> hackfests in Europe).
> 
> Does this make sense?
> 
> Fred

Long term solutions aside, I think these solutions are the best to let
Europeans donate in a more cost effective way in the short term. It
would be far less costly to transfer € 1000 to the bank account in the
U.S.A than a transferring € 10 a hundred times.