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Linux Fund, a public organization on its website, stated that since July of this year, it will lose its main source of funding due to the termination of cooperation with Bank of America, which acted as a provider of credit card payments in favor of the Foundation and its supported projects.
Details about the reasons for the breakup of relations cannot yet be disclosed by agreement with the bank. The prospects of the Linux Fund are also covered with fog: there is no other card provider on the horizon yet.
The activity of this organization, founded in 1999, is to help interesting and promising Open Source-projects. Today, they include such famous names as Debian, Wikipedia, and Freenode. The Foundation provides them with management, promotion, PR and finance services. He either himself collects funds from well-wishers for them, or gives those all the necessary details for self-translation.
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In the future, as the head of the Foundation, David Mandel (David Mandel), says, the Linux Fund may take up the search and popularization of unknown to the public, but worthy of attention and support for open source projects.