What is OCF?
What is Open Collective? It's is an open-source, online fundraising platform for open and transparent communities. We provide the tools you need to raise and share your finances in full transparency. 'Open Collective' founded 'Open Collective Foundation' as part of its mission to help collaborative groups collect and spend money transparently.
We are 1 node in an international network of 600 nonprofits, LLCs, and co-ops around the world that use the same, open source software to create efficiencies with money.
We exist to take care of the difficult administrative aspects of running a 501(c)(3) so that—instead of a bunch of compliance headaches—you can focus on impact work in your community! You don’t even need to set up a legal entity or bank account.
Through Open Collective Foundation, you can:
- Manage finances transparently
- Receive tax-deductible contributions
- Pay your team, contractors, and vendors
Open Collective Foundation’s hosted Collectives are totally transparent about how their funds are used, taking the pain out of financial reporting for both you and your grant recipients. Our platform also ensures that your donated funds go to our hosted Collectives quickly and easily so they can get down to the business of serving their community.
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