Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Other Law (https://www.askmehelpdesk.com/forumdisplay.php?f=190)
-   -   501 (c) corporations (https://www.askmehelpdesk.com/showthread.php?t=631493)

  • Jan 29, 2012, 02:32 PM
    PennyFarrar
    501 (c) corporations
    If a 501(c) organization in its Articles of Incorporation state that its specific purpose is to aid homeless veterans, is it legal for them to use funds collected either solicited or unsolicited, to aid homeless that are not veterans?
  • Jan 29, 2012, 06:05 PM
    AK lawyer
    Srictly speaking, I guess that would be ultra vires, but I question who would have standing to object. It is probably a non-profit corporation; if so a member could. Since it is a 501 (c) organization, the I.R.S. might too. Donors as well, probably.
  • Jan 29, 2012, 10:09 PM
    Fr_Chuck
    They will need to inform all parties, esp donors that this will be done. A veteran donating money may feel he was cheated or there was a fraud, if they give money to help veterans and then the money is not used for that. They risk legal trouble for doing so.

  • All times are GMT -7. The time now is 09:33 AM.