GNOME Foundation To Focus On Fundraising After Years Running A Deficit

The GNOME Foundation, a non-profit organization supporting the GNOME desktop environment, has been operating at a deficit for several years, depleting its financial reserves. Robert McQueen, the foundation's president, has announced plans to increase fundraising efforts in a new blog post.

McQueen adds: As you may be aware, the GNOME Foundation has operated at a deficit (nonprofit speak for a loss -- ie spending more than we've been raising each year) for over three years, essentially running the Foundation on reserves from some substantial donations received 4-5 years ago. The Foundation has a reserves policy which specifies a minimum amount of money we have to keep in our accounts. This is so that if there is a significant interruption to our usual income, we can preserve our core operations while we work on new funding sources. We've now 'hit the buffers' of this reserves policy, meaning the Board can't approve any more deficit budgets -- to keep spending at the same level we must increase our income.

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