That’s still a lot, I think. Compared to other charities using a site like charitynavigator.org you can see that is a high price for a charity.
It’s also an odd legal structure to separate the platform from a non-profit to do admin tasks, since non-profits are not really that good at doing admin and compliance.
Hi Chris! Open Collective Inc. is a for profit company, we develop and run the open collective platform, opencollective.com The Open Source Collective is a non profit, a 501c6 that gives fiscal sponsorship to projects so they can receive project directed funding. The value prop is having both the platform to receive and disburse funds transparently and the non profit that holds the funds, does compliance, reports taxes, etc.
You have a point! The goal though is not for one FUND to support they entire ecosystem but for many funds supporting it. 1k from one fund and 3k from another for example + recurring subscriptions from individuals, end up adding up. (disclosure, I am OC co-founder)
Hi! Pia here from Open Collective - In the FUNDS case the fees are taken when the Fund is created. Donations from the Fund are free of fees afterwards. Since the Funds are generally bank payments, there's no Stripe fees in this case.
It's 10% which gets shared 5% & 5% between the platform and the non for profit that is the custodian of the funds (and provides compliance, tax filing, 1099s,etc)
Hi Francisco - Pia from Open Collective here. Thanks for the ping on this. We deployed a quick fix to reduce the width and we'll look at it with more time.
Hey Joe, I'm one of the founders of Open Collective (opencollective.com) Happy to help if you have any questions on how to implement or if we can help out somehow.
Hi Pia, we love Open Collective and are using it to donate to one of our sponsored projects. The platform is a great way to relieve a good deal of pain that OSS devs would have to endure in running a funded project.
One of the hardest things we've found is helping small projects (1 or 2 people) that don't have/need the structure of Open Collective but still could use the funds. PayPal is surprising bad since you can't even accept a recurring payment without going through hoops to set up a page/button.
For those projects in countries with stripe, they can use open collective with their own stripe account. Fees are half since we don’t do fiscal sponsorship (they would self host) and the benefits is that we have the whole subscription / tiers / badges system set up. If you think some of this projects might be able to use it, feel free to send them my way. I’m happy to help them.