Ask Experts Questions for FREE Help !
Ask
    PTAMom's Avatar
    PTAMom Posts: 3, Reputation: 2
    New Member
    		  
    #1

    Feb 25, 2009, 11:07 AM
    501(c)3 raising money for another nonprofit
    I am involved in the PTA at my kids' school. Our PTA is a 501(c)3 but is not affiliated with the national PTA.

    We raise funds every year for another non-profit charity. Are there any legal limitations/tax implications with the amount of money we can raise for another non-profit? The amount raised continues to grow each year, with last year netting close to $10,000.

    Thank you in advance for any help and guidance.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
    		  
    #2

    Feb 25, 2009, 02:01 PM

    There are no limits, per se. But I would advise that you make sure that giving money to the other charity is consistent with your organization's charter - that is, that the pother organization will use the funds for a purpose that is close to your own organization's goals. There should be clear authorization from the board for this gift, recorded in board minutes. Also it should be made clear to donors to your organization that this is a focus of your group's activities.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Raising money for a trip? [ 1 Answers ]

Our school is going on a trip to Washington D.C. this January to watch the inauguration and tour D.C. It's a pretty expensive trip, and one of my friends has only paid half of the trip. They were supposed to get business sponsorships but they all bailed! Is there a way to raise about 1000 bucks...

Nonprofit Giving [ 1 Answers ]

What percentage of toal income is a nonprofit obligated to give.. we are a nonprofit and our mission is to award one time scholarships to area students our target revenue for 2009 is $375,000 is there a limit or cap to how much we can give ?

Nonprofit incorporation [ 1 Answers ]

If I want to incorporate a non-profit booster club for a semi professional baseball team do I use 501 (c) (3) or 501(c)(7)

View more questions Search