Red Hat Center for Open Source

Red Hat, Inc. has announced the formation of a new non-profit organization, the Red Hat Center for Open Source (RHCOS), that will sponsor, support, promote and engage in a wide range ofscientific and educational projects intended to advance the social principles of open source for the greater good of the general public. RHCOS will foster projects that advance the philosophy of open source, through which collaborative intellectual pursuits produce results to be freely shared and enhanced throughout society. Red Hat, Inc. co-founder Marc Ewing will devote considerable time and effort to the new organization as a Founding Director.

In addition to Ewing and Young, the Board of Directors for RHCOS includes well-known innovators and thought leaders. Board members include:

RHCOS will initially be funded with $8 million in a combination of cash and Red Hat common stock donated by Red Hat, Inc. and three founding investors of Red Hat: Young; Ewing; and Frank Batten, Chief Executive Officer of Landmark Communications. Details regarding grant criteria and the application process are currently being determined by the Board of Directors and will be released at a later date.

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Copyright 2000