Transferring to another non-profit

[Michael Schultheiss]

MJ Ray wrote:
> As some of you know, I sometimes suggest SPI as the next step on a
> free and open source software project's growth from a group of
> developers to an independent, autonomous, sustainable existance.
> 
> http://www.spi-inc.org/treasurer/associated-project-howto.html says "Your
> Liaison may decide that your project is quitting SPI at any time.  Any
> assets and money held by SPI for your project may be transferred to the
> 501(c)3 US non-profit of your choice, or simply held until expended." 
> 
> Is that a legal constraint in the US for 501(c)3 organisations?

Yes.

> What possibility there is for transferring assets to a non-US
> organisation if a project wants to end its link with SPI?

An attorney or CPA (Certified Public Accountant) would need to be
consulted.

-- 
----------------------------
Michael Schultheiss
E-mail: schultmc at spi-inc.org
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