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Mastodon announces new European non-profit, change of CEO (blog.joinmastodon.org)

submitted 2 days ago by [email protected] to c/[email protected]

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[–] [email protected] 17 points 2 days ago (1 children)

The existing US-based non-profit entity, the 501(c)(3), will continue to function as a fundraising hub.

Wait, is the money transferred to the US then back to the EU? And will the US-based non-profit still continue to exist or will it be replaced by a truly European one?

[–] [email protected] 19 points 2 days ago* (last edited 2 days ago)

The 501(c)(3) is a fundraising entity, and will continue to exist. There will be a new independent European non-profit that will "own" (for the want of a better word) the other entities. Legal structures and things are not my forte (IANAL), that's my understanding of what is happening in so far as I'm involved in the discussions and what I'm able to tell you.