Project Services Program
Below is a list of all add-on options you may want to select, when becoming a Project Member of the Foundation. We look forward to discussing each of these options with you in greater detail. To inquire about these benefits, or take the next steps to becoming a member, please fill out the form at the bottom of this page.
Administrative Benefits
- Legal & SMLLC
- Foundation setup of Project 501c3
- Legal safe harbor of Project IP
- Access to reputable non-profit legal firm for quotes for services
- Fee Structure: Y1 Set up – $2,500; Annual – $2,000
- Banking / Accounting
- Dedicated banking accounts with PNC Bank
- Professional accountancy
- Invoicing and Bill Payment mechanisms
- Yearly financial audit and tax preparation
- Fee Structure: Y1 Set up – $2,500; Annual – $1,000
- Domain/Website Support
- GoDaddy Domains
- InMotion website hosting
- Fee Structure: Annual – $100
Infrastructure Benefits
- Communication
- Zoom
- Google Suite/Google Storage
- Listserv
- Fee Structure: Annual – $250
- Technical
- Amazon Web Services – Setup and support
- TestRails – Setup and support
- Fee Structure: Both benefits are monthly based on usage
SMLLC instantiation:
Inclusion of some projects in the Foundation requires the instantiation of a wholly owned Open Library Foundation subsidiary in the form of an SMLLC (single member limited liability company, where the Open Library Foundation is the owning single member) to effect clear delineations of legal, banking and operational activities between various Open Library Foundation entities.
Benefits of SMLLC instantiation:
- The Foundation holds the IP of the SMLLC.
- SMLLC’s can construct their own leadership structure and governance rules.
- SMLLC’s can engage in their own contractual agreements.
- SMLLC’s are a legal entity with whom the Foundation (and others!) can contract for services.
- SMLLC’s as legal entities ‘own’ their funds- this ownership protects project funds from other project’s/organization’s liabilities. Assets are not held in common.