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As a non profit executive director with 10 plus years of experience, I'll just say, due to IRS/accounting standards, just giving money away if you are not a foundation is a lot more onerous than you think.
If your org suddenly gets a windfall, passing that money on gets legal.
If your org suddenly gets a windfall, passing that money on gets legal.
Few years ago @CCIBoston was receiving/holding and passing money on to on the ground groups. 990 filing time came, it got ugly.
I offer this because I'm seeing people say certain groups in this moment are getting windfalls and people are asking what's going on.
If my small group suddenly had millions, there would be behind the scenes shit to secure before we just give away the excess money.
If my small group suddenly had millions, there would be behind the scenes shit to secure before we just give away the excess money.
Otherwise the IRS pops up and can make a case about not properly handling money. If I'm on that board, I'm going to be cautious. Why? Board has the legal and fiduciary responsibility for money raised. It's a sucky system.
If you sit on a board that doesn't carry board and officer insurance, board members can personally be held liable for malfeasance.
If 6 weeks goes by, and group is still holding $, that's when you get concerned.
If 6 weeks goes by, and group is still holding $, that's when you get concerned.
My two cents from small non profit land.
