Do we want to try using Open Collective for collecting and managing the GOAT budget?
It is a platform that allows you to add your organization, linked to a fiscal sponsor, collect donations (one-time and recurring), and submit/approve expenses - all publicly visible. It encourages radical transparency of finances for open source project, and open organizations like ours. It seems like a good fit.
We would need to identify a non-profit to act as our “host” (fiscal sponsor). They would actually receive the money, send invoices to contributors, and send payments to organization members.
Cost: Open Collective takes a 5% cut for using the platform, and the fiscal host will take a cut themselves as well. This is typical for organizations that process donations on behalf of other projects/organizations.
Notably, Open Collective also has their own fiscal host called “Open Source Collective” (https://opencollective.com/opensourcecollective) - they will offer to be your organization’s host if you have a GitHub repo with 100+ stars, and they take 5%. They are a 501c6 (not 501c3) so donations that go through them are not deductible as charitable donations.
The Bionutrient Food Association was the fiscal host of GOAT 2018 (outside of Open Collective). @dornawcox suggested that Farm Hack could also fill the role. Are there other ideas?
What do others think of this idea?