“The Linux Foundation has been founded to help close the gap between open source and proprietary platforms, while sustaining the openness, freedom of choice and technical superiority inherent in open source software.”
"It's basically the combination of OSDL ("Open Source Development Labs") and FSG ("Free Standards Group"), and is a vendor-neutral place for different organizations to discuss the issues they have, and trying to help Linux along. Part of what LF does is pay me to maintain the kernel." (http://apcmag.com/7012/linus_torvalds_talks_about)
This critical assessment argues that it is in fact misnamed as it is nothing more than a industry trade group which wants to make Linux competitive with Microsoft.