Beehaw has a huge surplus of money. Could we use it to fund another service?
Beehaw has a huge surplus of money. Could we use it to fund another service?
Our current balance is around $6000 and the average monthly cost to keep us running is $250.
If you'd like to take a closer look at our finances, then you can do it here -> https://opencollective.com/beehaw-collective
All of that being said, is there another service that the Beehaw community could provide with the extra funds?
One example could be to establish a Nonprofit Corporation (501(c)(3)) to create a legally recognized nonprofit with a clear charitable mission: education, health services, housing, etc.
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Very happy for you! Seconded to just banking it. If it was 50k that would be different. Throw half in a CD and the other just plan out ongoing expenses. Make sure backups are working, maybe use a bit of the cash to try recovering from a backup just in case.
If your cost is 250 a month, then in reality you only have 2 years of runway there, if you don't grow. Good intention and I respect that, but I think keeping beehaw going long term is better than anything else you would do with the money