Ask a Lawyer and Get Answers to Your Legal Questions
Hello and welcome. I am working on your answer and will be right back!
Money from the not for profit should only be used for the purpose the non profit exists as covered in the bylaws.
doing anything else risks losing the not for profit status or having tax imposed on same. The IRS is very mindful of such transfers so I would not recommend doing so.
Happy holidays to you.
Kindly rate me 5 stars.
Please take a moment to rate me 5 stars, thank you.
thanks in advance.