In contrast, NumFOCUS admin fee is only 10%. That $ covers the cost of handling all taxes, financials, and legal matters for the project. 9/
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Replying to @NumFOCUS
In addition to providing fiscal sponsorship as a service to our projects, NumFOCUS *also* works to find funding and $ for them. 10/
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Replying to @NumFOCUS
This is often what confuses people—they think fiscal sponsorship means we already have money to give to the projects. That's incorrect. 11/
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Replying to @NumFOCUS
When you donate to a particular project via NumFOCUS, that money goes straight to the project's bank account, minus the 10% fee. 12/
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Replying to @NumFOCUS
Our generous corporate partners (http://www.numfocus.org/corporate-partners.html …) fund NumFOCUS infrastructure and programs that directly benefit the projects. 13/
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Examples of infrastructure NF provides to projects: hosting, domains, insurance, trademarks, accounts receivable and payable, marketing, 15/
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We also do things like bring together project leads scattered across the globe for precious in-person collaboration at the NF summit. 16/
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When you give money to NumFOCUS, it benefits the projects. The $ raised in 2016 end-of-year drive now funds small grants to the projects 17/
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Our other programs also benefit the projects, though less directly. Diversity & Inclusion, gathering the community via
@PyData, grants, 18/1 reply 0 retweets 0 likes
The NF educational mission supports the open source scientific computing community by making OSS accessible & sustainable for all. 19/
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In sum, fiscal sponsorship makes $ possible, but isn't itself $. Donations to NumFOCUS directly support the projects and the community. End/
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