Bloomberg Launches FOSS Fund to Support Free and Open Source Projects
Modern digital infrastructure relies on innumerable open source dependencies developed and maintained primarily by volunteers: The open source community is what makes the web work. Participating in these communities allows large organizations to help shape the latest and best technologies available.
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When the first FOSS Contributor Fund was launched, documentation was published to encourage other companies to follow suit. In the four years since, numerous institutions including Microsoft, Johns Hopkins University, Salesforce, Sentry, Zeiss, and others have launched programs inspired by the original FOSS Fund. Such funds seek to have a direct impact on the sustainability and security of critical digital infrastructure.
In January of 2023, inspired by Indeed’s original initiative, Bloomberg launched its first round of employee voting for its inaugural FOSS Contributor Fund, a partnership between the company’s Open Source Program Office (OSPO) and its Corporate Philanthropy department.