Folding Forum

kostuek wrote:Actually, I wouldn't rush things. This "hype" may die out in a few weeks just like hypes tend to do. By that time, if you took big money from a big sponsor, this sponsor would probably like to know what is going on and where it's money is at. If you took some cloud infrastructure, the sponsor may take it away as soon as covid has gone away or even earlier, so you will need to go back to square one. I feel like staying independent is important for a long term project like this, covid will not last forever, other research will stay.

ftballpack wrote:I'm not saying that the existing infrastructure should be dropped, but the best way to expand for what may or may not be a temporary increase in folding@home GPU and CPU donors is 100% through a cloud provider. Receiving a donation from a cloud provider does not change folding@home's independent 501(c)(3) status in the least bit.

ftballpack wrote:which for the donors is often free advertising for the donors because monetary donations cost them nothing if they can use the donation as a tax deduction. With the hype around folding@home, it's a great time to ask for donations, as any donor could receive a bunch of free advertising with the current hype around the project.

gbowman wrote:Thanks all for the feedback, advice, and, of course, compute power. We can use all the help we can get! We're picking up new skills as fast as possible. If you have skills/time to offer, please reach out to me by private message on the forum or twitter. By all means, if you see opportunities to take initiative, please take them. Some folks have made enormously valuable introductions to tech firms, for example. I'm prioritizing getting more work servers and work units up. If someone with some science background and writing skills wants to take a stab at updating wikipedia, that would be awesome! I'm recruiting all the scientists I can to help setup simulations.

https://www.dgm.bg/en
https://www.sensika.com

aaronbrighton wrote: I'm not an accountant, and I don't specialize in U.S. tax. That said, I highly doubt donations result in a 100% tax deduction for the party donating, probably more like 20%-50%. So definitely not free.

3. What's the maximum amount I can claim as a charitable tax deduction on my taxes?
When you donate cash to a public charity, you can generally deduct up to 60% of your adjusted gross income. Provided you've held them for more than a year, appreciated assets including long-term appreciated stocks and property are generally deductible at fair market value, up to 30% of your adjusted gross income. Combining more than one type of asset can be a tax-efficient move to maximize the amount that you can take as a charitable tax deduction.

vassil.velichkov wrote:

gbowman wrote:Thanks all for the feedback, advice, and, of course, compute power. We can use all the help we can get! We're picking up new skills as fast as possible. If you have skills/time to offer, please reach out to me by private message on the forum or twitter. By all means, if you see opportunities to take initiative, please take them. Some folks have made enormously valuable introductions to tech firms, for example. I'm prioritizing getting more work servers and work units up. If someone with some science background and writing skills wants to take a stab at updating wikipedia, that would be awesome! I'm recruiting all the scientists I can to help setup simulations.

Dear Mr. Bowman, I tried to reach you by DM here and on Twitter, but it seems you've blocked DMs on both platforms. If I understand the situation correctly, Folding@Home needs additional general-purpose infrastructure and bandwidth to cope up with the spike in Donors (clients).
Without having any idea, what kind (and what amount) of resources you might need, I still believe I might be able help, as one of my companies have "some" spare resources and engineers - storage, VMs, multi-homed PI AS network, bandwidth...My Twitter handle is @VassilTT and I could get DMs from anyone, so let me know if I could help, apart from bringing to FAH all GPU workstations we have in the office, as all our people are working form home with laptops .

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https://www.dgm.bg/en
https://www.sensika.com

ftballpack wrote:

aaronbrighton wrote: I'm not an accountant, and I don't specialize in U.S. tax. That said, I highly doubt donations result in a 100% tax deduction for the party donating, probably more like 20%-50%. So definitely not free.