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LibreOffice Community starts 50,000 Euro challenge for setting-up its foundation

Feb 18, 2011, 16:03 (0 Talkback[s])

"The community around LibreOffice, the free office productivity suite, today announced its fifty-thousand Euro challenge for setting-up The Document Foundation as a legal entity. The race for funds is open until March 21st 2011, which marks the beginning of Spring in the northern hemisphere. All users - especially enterprises - are invited to donate to the capital stock of the future 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," says Florian Effenberger, 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 donations will be used for setting-up The Document Foundation, and after the fifty thousand Euros has been collected for the capital stock, donations over the top of that sum will be fed directly into the future foundation's budget to cover operating costs. Should the race for funds not succeed, The Document Foundation will use the donations to incorporate itself in a different country that requires less capital stock, such as the United Kingdom."

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