Sunsetting in Michigan: Local Foundation Prepares to Shut its Doors | Nonprofit Quarterly

Sunsetting in Michigan: Local Foundation Prepares to Shut its Doors | Nonprofit Quarterly: "Readers can read more about the arguments for this practice here in this extraordinary article by Buzz Schmidt , which is also published as our feature today. In it, he makes a good case for making a careful choice between perpetuity and a deliberate and more time-limited deployment of philanthropic assets.

“Shutting down in 2017 was always part of the plan,” "



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How to Shutter a Nonprofit: One Example and Some Tips | Nonprofit Quarterly

How to Shutter a Nonprofit: One Example and Some Tips | Nonprofit Quarterly: "The storyline of this particular closing will not be unfamiliar to many of our readers. The founder was ready to step down and the co-founder did not want to be the executive director. After a search, a new ED was hired, but was not a good match for the organization and left. After considering options like continuing the search or coming up with creative solutions to continue in some other form, the board decided to pursue an orderly closing process because its members did not believe that a nonprofit, or at least this nonprofit, should continue indefinitely."



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Sandusky Charity Seeks OK to Shut Down - TIME

Sandusky Charity Seeks OK to Shut Down - TIME: MATT ROURKE / AP



(PHILADELPHIA) — The charity for troubled youths started by Jerry Sandusky more than three decades ago — and through which the retired Penn State assistant football coach met the boys he is charged with sexually abusing — said Friday it is seeking court approval to shut down and transfer its programs to a Texas-based youth ministry that serves abused and neglected children.

Rules govern dissolution of nonprofits | lansingstatejournal.com | Lansing State Journal

Rules govern dissolution of nonprofits | lansingstatejournal.com | Lansing State Journal: "A nonprofit charitable purpose corporation is required to have a dissolution clause in its articles of incorporation that details how assets are to be distributed."