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The Codidact Foundation: now with added bank accounts!
Ever since we formed the Codidact Foundation almost a year ago, we’ve been trying to get our financial situation sorted. As a community run non-profit, our intention has always been to avoid the shenanigans and profiteering of for-profit companies, and to be as open and honest as possible with the people we serve. That’s why we formed as we did – as a Community Interest Company – to make that intention clear and to give us a path to charity status once we’re ready to pursue that.
However, it turns out that getting hold of a bank account for a newly formed, community-led, international CIC, in the middle of a pandemic, is… not very easy. Who knew?
As of today, we’re very happy to announce that we’ve finally managed to sort those issues out, and we are set up with bank accounts and payment processors. That means that at long last, if you like what we’re doing, you can support us to do more of it!
You’ll find a new “Donate” button in the sidebar along with all the other information about Codidact. We’ve managed to secure accounts in GBP, USD, and EUR, and we can accept donations in any of them (or any other currency, as long as your bank can convert it for you). While we live within our means and our expenses aren’t huge, we’re hoping that a little community support here and there will let us make sure we can continue and improve the work we’ve been doing, and give us funds to spend sensibly on making things better for our network and our platform.
Our new donation form is hosted right here on our network, so you don’t need to leave what you’re doing if the urge to help out overtakes you – it’ll send you right back where you left off once you’re done. Whether you’re used to providing card details directly or via a third-party page (like PayPal), please rest assured that your privacy and security is protected. All card details are handled exclusively by Stripe, and are never passed through or logged by our own servers. Support is always available through the usual channels here on-site or via email at support@codidact.org.
Whatever comes next, we’re committed to being as open, honest, and accountable as possible. We don’t yet have exact plans for what we plan to spend money on, but we have several potential options. Increasing our server capacity is likely to be one of the first things we look at to help make sure the network is as stable as possible. We’ll provide regular financial reports for anyone who wants to look in more detail, including what we’ve received and how we’ve spent it.
We’re looking forward to opening this new chapter – and we hope you’ll join us!
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