National Catholic Reporter

The Independent News Source

Charities merge and close

 |  NCR Today

For years the bylaws of most not-for-profit organizations contained a provision related to dissolution and transfer of assets. Rarely has this provision ever been invoked.

These days, however, it is employed, studied and used as more and more charities fold their tents and/or merge with other charities. Today's Wall Street Journal describes this relatively new phenomenon.

For many boards of directors, casting a vote in favor of closure is not a comfortable role to be in. However, there are hundreds, if not thousands, of charities which should close.

NCR-issue-christmas-icon.jpgGive a Christmas gift that lasts all year. Give the gift of NCR!

NCR Comment code: (Comments can be found below)

Before you can post a comment, you must verify your email address at Disqus.com/verify.
Comments from unverified email addresses will be deleted.

  • Be respectful. Do not attack the writer. Take on the idea, not the messenger.
  • Don't use obscene, profane or vulgar language.
  • Stay on point. Comments that stray from the original idea will be deleted. NCR reserves the right to close comment threads when discussions are no longer productive.

We are not able to monitor every comment that comes through. If you see something objectionable, please click the "Report abuse" button. Once a comment has been flagged, an NCR staff member will investigate.

For more detailed guidelines, visit our User Guidelines page.

For help on how to post a comment, visit our reference page.

 

Christmas-Feature-Flag-300x100.jpg

NCR Email Alerts