3 ms·

Remember Mozilla is ultimately a non profit and must spend a healthy percentage of their income every year. Mozilla is just representing the collective self int

by xfitm3 5y ago

Remember Mozilla is ultimately a non profit and must spend a healthy percentage of their income every year. Mozilla is just representing the collective self interest of those it employs. People wanting to keep their cushy job.

0des 5y ago
I prefer they'd spend it on their browser engineers and whichever arm legislatively opposes existing browser monopolies.
protomyth 5y ago
Remember Mozilla is ultimately a non profit and must spend a healthy percentage of their income every year. And Harvard has a multi-billion dollar endowment that they hoard. Mozilla is doing it wrong.
- throwaway2037 5y ago
  A quick Google search tells me the rule in the United States IRS is: <<Generally, a private foundation must meet or exceed an annual payout requirement of five percent of the average market value of its net investment assets to avoid paying taxes.>> Harvard endowment is so huge for two reasons: (1) fundraising, (2) earning more than 5% per year for long, long, long time. But they still must spend 5% per year of their massive endowment. Running a non-profit with only an endowment (no fund-raising) for more than 20 years with is hard to do.
denton-scratch 5y ago
"Mozilla" isn't a non-profit. Mozilla, as such, isn't a thing. Mozilla Corporation (which is where your donations go - you can't donate to Firefox as such) is a taxable, profit-making company. Mozilla Foundation wholly owns Mozilla Corporation, and is a non-profit. But you can't donate to Mozilla Foundation. (I don't know how you can be a non-profit that wholly owns a profit-making corporation; I'm not an accountant, and I'm not familiar with US tax law)
- slothtrop 5y ago
  Sounds almost farcical.
  - denton-scratch 5y ago
    Almost? The history of Netscape and Mozilla is sufficiently farcical to fuel an entire 6-series comedy franchise. Were it not for the jaw-dropping salaries that the absurd execs draw, I'd laugh.
- jefftk 5y ago
  Donations go to the Foundation, not the Corporation: https://donate.mozilla.org https://donate.mozilla.org
  - denton-scratch 5y ago
    Thanks for correcting me. I'm sure you'll excuse my confusion.

by xfitm3 5y ago

0des 5y ago

I prefer they'd spend it on their browser engineers and whichever arm legislatively opposes existing browser monopolies.

protomyth 5y ago

Remember Mozilla is ultimately a non profit and must spend a healthy percentage of their income every year. And Harvard has a multi-billion dollar endowment that they hoard. Mozilla is doing it wrong.

throwaway2037 5y ago
A quick Google search tells me the rule in the United States IRS is: <<Generally, a private foundation must meet or exceed an annual payout requirement of five percent of the average market value of its net investment assets to avoid paying taxes.>> Harvard endowment is so huge for two reasons: (1) fundraising, (2) earning more than 5% per year for long, long, long time. But they still must spend 5% per year of their massive endowment. Running a non-profit with only an endowment (no fund-raising) for more than 20 years with is hard to do.

denton-scratch 5y ago

"Mozilla" isn't a non-profit. Mozilla, as such, isn't a thing. Mozilla Corporation (which is where your donations go - you can't donate to Firefox as such) is a taxable, profit-making company. Mozilla Foundation wholly owns Mozilla Corporation, and is a non-profit. But you can't donate to Mozilla Foundation. (I don't know how you can be a non-profit that wholly owns a profit-making corporation; I'm not an accountant, and I'm not familiar with US tax law)

slothtrop 5y ago
Sounds almost farcical.
- denton-scratch 5y ago
  Almost? The history of Netscape and Mozilla is sufficiently farcical to fuel an entire 6-series comedy franchise. Were it not for the jaw-dropping salaries that the absurd execs draw, I'd laugh.
jefftk 5y ago
Donations go to the Foundation, not the Corporation: https://donate.mozilla.org https://donate.mozilla.org
- denton-scratch 5y ago
  Thanks for correcting me. I'm sure you'll excuse my confusion.