Jayadev Posted April 27, 2020 at 11:38 PM Report Share Posted April 27, 2020 at 11:38 PM In our not for profit organization bylaws it says we have to put aside 10% total cash receipts towards Trust fund. But during this lock down we do not have enough funds to put 10% how do we suspend this rule? Thanks in advance Quote Link to comment Share on other sites More sharing options...
Chris Harrison Posted April 27, 2020 at 11:45 PM Report Share Posted April 27, 2020 at 11:45 PM Unless your Bylaws have a provision for suspending that rule you cannot (RONR p. 263 ll. 1-7). Even if you were able to do so I would strongly recommend you contact the agency which gives the organization its nonprofit status first to see what the implications would be. Quote Link to comment Share on other sites More sharing options...
Jayadev Posted April 28, 2020 at 11:42 PM Author Report Share Posted April 28, 2020 at 11:42 PM Thanks for your response Quote Link to comment Share on other sites More sharing options...
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