Nonprofit Law YOU Want to Know

Nonprofit Law YOU Want to Know

Nonprofit Law YOU Want to Know

We regularly feature answers to questions from readers in our “Your Legal Questions Answered” column. The full list can be viewed on the site . May we transfer endowment to another charity? I am a member of a 501(c)(3) service organization that has built an endowment of a little over $100,000 over the last 15 - 20 years. During the early years, much of the principal was raised as requests specific to the endowment. In more recent years, we have placed any unspent money from the budget in the endowment. A member has asked that we transfer our endowment to the local community college (2-year). Can we legally donate dollars that were given to our organization for endowment to another...

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