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    Baloney's Avatar
    Baloney Posts: 1, Reputation: 1
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    #1

    Oct 27, 2010, 09:58 AM
    Answer to 501c3 questions?Can a 501c3 loan money to another 501c3 ?
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    ebaines Posts: 12,131, Reputation: 1307
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    Oct 27, 2010, 11:14 AM

    Yes, but this should only be done if the loan is in line with the mssion of your organization, and properly approved by both boards. Take care that the loan documents are drawn up properly with protections in place - have your attorney draw up the loan documents, be sure it specifies collateral and payment schedule, and that it requires evidence that the other group's board has approved the loan and its terms.
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