World's First Open Source Endowment Fund Launches to Sustainably Support OSS Maintainers
By
kvinogradov
An everything bagel for the brain. Substantive, layered, well-seasoned.
Summary
The article introduces the Open Source Endowment, the world's first endowment fund specifically designed to provide sustainable, long-term funding for open source software (OSS) maintainers. It adopts the private endowment model used by universities to create a community-driven funding mechanism for critical OSS infrastructure that underpins the global tech ecosystem. The initiative aims to address the sustainability challenges faced by OSS projects by providing reliable, ongoing financial support rather than one-time donations.
Key quotes
· 3 pulledThe global open-source community shares many parallels with how the best universities work, and we are thrilled to adopt their private endowment model to sustainably fund OSS maintainers.
Open source underpins the critical infrastructure of the global tech ecosystem, and the community-driven Endowment is a wonderful initiative to pursue its long-term sustainability.
The Open Source Endowment is so obvious in hindsight, it's high time we had such a mechanism for sustainable OSS funding.
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