LinuxFund names new director, schedules payouts

It’s too bad this concept has run into so many problems. However, this article at NewsForge is indicating that they now have a new director. So with any luck, this will help them to get back on track.

In an effort to restart, the LinuxFund credit card program, intended to benefit the Linux and open source community, has named a new executive director and announced it will begin funding open source projects again.

LinuxFund’s new head, David Mandel, told NewsForge in an interview the funding — $500 per month for a year to Debian, Freenode, and Wikipedia — will be given to the projects quarterly and is part of an effort to get LinuxFund back on track. Mandel said that with help from LinuxFund’s founder, Benjamin Cox, he was confident the project, and more importantly its payments to FOSS developers, would resume and possibly even grow.

The fund — which derives money from a percentage of LinuxFund cardholders’ purchases using Visa and MasterCard credit cards — is undergoing a facelift after the royalties kept rolling in, but the administration of the project fell apart last year. [Read the rest]