It's really easy to argue that other people shouldn't be offended by this, but that's because indigenous American cultures have been so aggressively erased that we can barely empathize with them anymore as fellow human beings.
As I wrote in https://news.ycombinator.com/item?id=34329605, imagine if instead this were the "Irish Software Foundation". It would be so blatantly stupid that it would never come to exist in the first place.