The Python Software Foundation has seen a significant increase in donations following its decision to reject a $1.5 million grant that imposed restrictions on Diversity, Equity, and Inclusion (DEI) initiatives. According to a report, the foundation raised over $157,000 in just a few days, including 295 new Supporting Members who paid an annual $99 membership fee. However, the PSF still faces a gap of over $1.5 million, and the foundation’s executive director, Deb Nicholson, emphasized the importance of continued community support. The PSF is actively seeking sponsorships, particularly from companies in the AI and security sectors, to ensure its financial sustainability. The foundation is also exploring alternative revenue streams, adjusting costs, and implementing new strategies to maintain its mission of supporting the Python community.
Despite the positive response to the rejection of the grant, the PSF is aware that its annual revenue and assets, including contributions from major donors, have declined over the years. Costs have increased, and the foundation has faced challenges in securing new sponsorships, particularly from corporate entities. This has led to a decline in revenue, with PyCon US, a significant source of funding, running at a loss for three consecutive years. The foundation has been working to trim costs and adjust its budget, but the situation remains challenging. The PSF is making adjustments to reduce expenses and has been exploring new revenue streams to ensure long-term sustainability.
The foundation is also focusing on increasing sponsorship package pricing to account for inflation and is seeking funding opportunities in both the US and Europe. Additionally, the PSF is collaborating with other organizations to raise awareness and is working on strategic planning to maximize its impact while cultivating mission-aligned revenue channels. The foundation’s end-of-year fundraiser is being managed by a team that includes Board members, indicating a more concerted effort to secure donations. The PSF is also creating a unique webpage, piloting temporary pop-ups on its websites, and sharing more stories from its Grants Program recipients to engage the community and encourage support. The PSF is optimistic about the response and hopes to achieve its financial goals through continued community and corporate support.