April 10, 2007 at 00:49Linux Fund has lost a source of funding
The Linux Fund public organization on its website said that from July this year it will lose its main source of funding due to the termination of cooperation with Bank of America, which acted as a provider of credit card payments in favor of the Fund and its supported projects.
Details of the reasons for the breakdown cannot yet be disclosed by agreement with the bank. Linux Fund's prospects are also foggy: there is no other card provider on the horizon yet.
The activity of this organization, founded in 1999, is to help interesting and promising Open Source projects. Today, they include such well-known names as Debian, Wikipedia and Freenode. The fund provides them with management, marketing, PR and financial services. He either collects funds from well-wishers for them, or gives them all the necessary details for an independent translation.
In the future, according to the head of the Foundation, David Mandel, the Linux Fund may search for and promote unknown to the public, but worthy of attention and support for open source projects.
Details of the reasons for the breakdown cannot yet be disclosed by agreement with the bank. Linux Fund's prospects are also foggy: there is no other card provider on the horizon yet.
The activity of this organization, founded in 1999, is to help interesting and promising Open Source projects. Today, they include such well-known names as Debian, Wikipedia and Freenode. The fund provides them with management, marketing, PR and financial services. He either collects funds from well-wishers for them, or gives them all the necessary details for an independent translation.
In the future, according to the head of the Foundation, David Mandel, the Linux Fund may search for and promote unknown to the public, but worthy of attention and support for open source projects.