"Mastodon has announced the formation of a 501(c) (3) non-profit entity in the United States to help it collect tax-deductible US donations and in-kind support. This new foundation has announced its line-up of board directors which includes Esra’a Al Shafei, Karien Bezuidenhout, Amir Ghavi, Mastodon CFO Felix Hlatsky, and Twitter co-founder Biz Stone.
The non-profit said that this board was chosen based on their values which overlap with those of Mastodon. With their input, Mastodon says it will continue to offer free, open-source decentralised social media."
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https://www.neowin.net/news/mastodon-becomes-a-non-profit-in-the-us-twitter-co-founder-joins-board/