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Non-profit Question

 
 
JRinGA
 
Reply Sat 19 Sep, 2009 04:00 pm
A local music store wants to create a non-profit to help struggling public school band programs. The non-profit would be operated by a board of directors that is independent of the for-profit store, no one on the board or employed by the non-profit would have ever been on the payroll of the for-profit. This non-profit wants to raise funds which will then be awarded as cash grants to needy schools to purchase band equipment with the caveat that these grants be spent @ the music store. Do you see any conflicts of interest in this model??
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Type: Question • Score: 2 • Views: 1,760 • Replies: 3
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sozobe
 
  1  
Reply Sat 19 Sep, 2009 04:27 pm
@JRinGA,
I think the caveat gets 'em in trouble. I think they can give the money and hope, since they're being so nice, that the schools buy stuff at the store (though even that may be a problem). But the caveat takes it from non-profit to promotional giveaway (standard commercial tactic).

I'm not certain, that's my immediate impression though.
dyslexia
 
  1  
Reply Sat 19 Sep, 2009 04:28 pm
@sozobe,
what soz said.
roger
 
  1  
Reply Sat 19 Sep, 2009 05:28 pm
@dyslexia,
Sure. I don't know anyone with more direct exprience with non-profits than Soz.
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