Article: Open Collective Launches Funds to Help Companies Streamline Donations to Multiple Open Source Projects

Open Infrastructure

Open Collective Launches Funds to Help Companies Streamline Donations to Multiple Open Source Projects

Open Collective has launched Funds, a new funding infrastructure for funneling contributions to open source projects. Any open source project can receive contributions from a Fund, even those that are not listed on Open Collective due to having their own foundation or working with another fiscal host.

The new feature was added to Open Collective’s existing non-profit funding platform that serves more than 2,500 projects.

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Article: Open Collective launches Funds to financially support open-source communities

Free, Libre, Open Software, Open Source

Open Collective launches Funds to financially support open-source communities

Open Collective is trying to make working full-time for an open-source project an alternative to a career developing for a for-profit company. It believes the steps to achieve this goal include eliminating friction between projects, the communities that support them, and the corporations that depend on them

It is introducing Funds to its open funding management platform to make it easier for companies to invest in open-source projects by making a one-time payment to a Fund, which then redistributes the money to different projects and contributors, rather than paying those projects individually.

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