There are more than 1.5 million nonprofits in the U.S.
There may be a time when the life of a nonprofit simply needs to come to an end. Deciding when and how to wrap things up can be an agonizing time for an organization’s leadership, especially if the organization has had a long history of doing good and has loyal supporters.
We can help you explore the pros and cons of each of your options, help you navigate the process, and execute the legal documents and procedures required for an appropriate resolution.
Merging or dissolving charities can include various complexities such as:
obtaining appropriate approval from nonprofit members and boards through a potentially emotional process;
negotiating and creating new governance structures and corporate documents for merging entities;
working with and obtaining approval from the Attorney General’s office; and
handling the disposition of organizational assets, including real estate and restricted funds.
Dissolving or merging your organization can produce a sense of sadness and loss for many. Yet we have found that a thoughtfully planned merger can produce hope for new possibilities.
For organizations that choose to dissolve, this decision can bring a needed sense of relief and closure. Organizations with long histories and institutional assets can distribute these assets in a way that provides life-giving funds to other charities, along with the hope and impact that such gifts can provide.
We welcome the opportunity to discuss your organization’s situation and explore the options available to you.
385 Concord Avenue
Belmont, MA 02478 (617) 484-6610
Fax: (617) 484-0035