Quote:
Originally Posted by macms
In a more formal environment a charitable organizational LLC would be very appropriate. IMHO, the liability of overseeing this fund would be no greater than the donations for the troops fund. While tax deductible opportunities may result in greater donations, this is not meant as a program of CA or ongoing support to the recipient. The costs to implement a 501 (c) (3) would be prohibitive at this time.
A program like this could be hosted off site by the committee if needed to remove CA from liability issues. Any attorney's on CA could respond via PM to me with there thoughts.
I may be foolish, but I perceive this as a non-formal, grass roots effort by members to help out a guy out if/when needed.  |
***THIS POST IS NOT INTENDED TO BE LEGAL ADVICE***
Maybe it's just the risk-averse lawyer in me, but I see a significant amount of risk in running a program like this. I'd rather not discuss the risks, etc. in an open forum, so if you want to discuss it, PM me.
As far as start-up costs are concerned, I could probably help you track down pro bono counsel to get this off the ground.