Open Source Endowment Raises $750K, Aims for $100M to Fund Maintainers
Context and Chronology
A new nonprofit, the Open Source Endowment, has formalized as a 501(c)(3) and announced roughly $750,000 in early commitments toward a long-range target of $100 million. The initiative bundles high-profile contributors from developer communities and a venture investor who has worked in open-source and infrastructure investing. Mr. Vinogradov leads the project, framing the vehicle as a durable funding mechanism for maintainers of widely used software. The founders intend to move beyond episodic grants toward capital that generates ongoing payout streams.
Donors include senior figures tied to major projects and startups: Thomas Dohmke, Mitchell Hashimoto, and Paul Copplestone, plus founders and execs from web and infra projects. The roster also counts creators associated with NGINX, Vue.js, and cURL, and executives from companies such as Elastic and Spotify. Organizers say they already exceed fifty contributors in pledge or support, signalling early community buy-in beyond a single corporate sponsor. The fund will screen projects by practical criteria like downstream dependency counts and user reach, aiming to prioritize infrastructure at systemic risk.
The Endowment’s model intentionally separates recurring support from corporate sponsorship that can carry influence risks; the organizers argue independence reduces pressure on governance for recipients. Historically, open-source maintenance has depended on volunteer labor, intermittent corporate gifts, and foundation grants that fluctuate with budgets. That fragility has produced high-profile failures and near-misses when critical codebases lacked stable stewardship. The endowment proposal reframes the problem as one of capital structure rather than short-term grant allocation.
Operationally, the plan calls for investing a principal pool and spending a conservative fraction each year to fund maintainers perpetually, mirroring university endowment practice. Mr. Vinogradov brings endowment knowledge from prior investing roles and aims to recruit an independent board and investment committee. If executed at scale, the mechanism could supply predictable payroll or grant lines for maintainers, reduce reliance on corporate donors, and shift bargaining leverage in open-source ecosystems. Organizers expect several funding cycles before the model reaches steady-state payouts.
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