transfer of assets between non-profit organizationsI am the president of a non profit organization formed for youth sports. The board membe...

Question

transfer of assets between non-profit organizations

I am the president of a non profit organization formed for youth sports. The board members of this corporation are long gone, and I am not an officer but the president. We would like to create a new non profit and transfer the assets as a donation from on to the other. Can this be done?

Answer

Re: transfer of assets between non-profit organizations

This may be a complicated issue best handled by an attorney. Feel free to contact my office for an initial consultation. I would be happy to look into this for you.