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

“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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