Answer provided by our founder, Gregory Varnum, who selected the name:

The simple answer is that aequalitas (we're pronouncing it "eye-kwa-li-tis") is Latin for equality.

I could come up with some philosophical explanation about how Latin is the source and start of many wonderful things or how we must look to our past before we can venture towards our future.  However, the truth is there was no logical reason - especially since I'm not a lawyer and do not actually speak any Latin.  I'm just fond of Latin phrases and enjoy including Latin in projects I work on.  I don't get many chances to name organizations - so I went for it.  Put another way, quidquid Latine dictum sit altum videtur.