The LFX terms state: Unless otherwise explicitly specified by The Linux Foundation, your donation will not be tax-deductible under United States federal taxation laws
We are hosting a project at the LFX crowd funding platform. The donations applied to LFX are collected by our US registered non-profit. Does that mean that the donations at LFX are then tax-deductible? If not, do plans exist for tax-deductible donations? (some more instructions on how to achieve that would be great)
At least for the US, in order for donations to be tax-deductable, the organization receiving the donation must be a 501c3 entity. Generally, open-source projects and foundations hosted at the Linux Foundation are set up as 501c6 entities, which would allow tax-deductable donations.
Other countries have different laws are regulations so you’d want to reviiew with tax authorities in those jurisdictions for further guidance.
Thanks @John_Mertic , it seems that the LFX donations are then also tax-deductible for our project: Crowdfunding (the University of Edinburgh is registered as 501c3 in US)