LinuxPR: LinuxPPC to become non-profit organizationJan 25, 2001, 17:20 (0 Talkback[s])
"LinuxPPC Inc. has formally announced its plans to become a non-profit organization (NPO). The NPO will focus on the development and promotion of the Linux operating system on the PowerPC processor. It will also be better able to support the growth and development of the operating system."
"Like many other free software projects, the LinuxPPC operating system was largely built by volunteers. Non-profit organizations are designed to organize such efforts, rather than have a for-profit corporation controlling it."
"In 1996, Jeff Carr registered the linuxppc.org domain with the intention of creating a not-for-profit organization. However, LinuxPPC Inc. was formally created in 1997 as a for-profit corporation because it was less difficult and less expensive than creating a NPO."
"Since that time, it was feared that a NPO would fail to keep up with the apparently burgeoning ".com" sector. LinuxPPC Inc. was very careful not to take on any investors. Luckily, it was able to survive without taking on investors, and turned down several offers. With the recent collapse of that sector, becoming a not-for-profit organization seems to be a safe and logical move."