CA Emergency Fund - Feedback please

[macms]

Originally Posted by CigarDood

If you guys want to set something up like this, you should probably consider setting up an actual charitable organization to provide limited liability for those in charge and tax-deductible contributions for donors. PM me if you want to discuss.

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.