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Subject:
From:
Stephanie Perrin <[log in to unmask]>
Reply To:
Stephanie Perrin <[log in to unmask]>
Date:
Mon, 4 Jul 2016 21:41:02 -0400
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Indeed, if we get any money before we figure out all those things you 
describe, we will have a problem bigger than any of the previous ones 
mentioned...Something to think about.  Fortunately I doubt Sam can find 
any rabbits up his sleeve so we have time to figure out structures and 
goals.

SP


On 2016-07-04 21:14, Dan Krimm wrote:
> Oh, I hope you don't just dump that all on Sam and expect him to magically
> pull a rabbit out of a hat single-handedly!
>
> Who's going to give, and for what purpose precisely?  Especially if it
> isn't tax deductible.
>
> In normal NGOs that are successful raising funds, there is a separate
> governing board (of a formally incorporated body) that is deeply involved
> in the "ask" process, according to the "give, get, or go" maxim.
>
> Transparent accountability is of course the first prerequisite for any of
> that, but you have to have a compelling organizational structure and
> mission in place in order to make a case for funding.  But generally
> speaking with nonprofit orgs, it is a Board that leads with their wallets
> and networks from the top down -- the Board has the fiduciary duty to
> support the org, and donors want to see that they are putting their money
> where their mouths are, as a first step.
>
> I thought Avri was joking, or commenting ironically on deficiencies in the
> SG and constituency charters...
>
> ?
>
> Dan
>
>
>
> At 8:42 PM -0400 7/4/16, Stephanie Perrin wrote:
>> Content-Type: text/html
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>>
>> Sounds elegant in its simplicity, but is it acceptable in terms of
>> accounting practice? Do all jurisdictions allow un-incorporated
>> organizations to open accounts? If the answer to those questions is yes,
>> then this might solve one of our problems. The next problem is a bigger
>> one: we don't have any money in NCSG.....:-) Here is hoping Sam can solve
>> that one for us.
>>
>> Stephanie Perrin
>>
>> On 2016-07-04 20:10, Ron Wickersham wrote:
>>
>>> On Mon, 4 Jul 2016, Sam Lanfranco wrote:
>>>
>>>> As Chair of the NCSG finance committee I see our remit as doing the
>>>> research to identify best practices here, identify
>>>> the pluses and minuses of different strategies, and placing that
>>>> information on the table for all to see, and some to use.
>>>>
>>>> It is possible to set up an unincorporated entity account in a Canadian
>>>> bank,
>>>> with full services across currencies, and with two signatures for
>>>> disbursal of funds.
>>>> The handicap there is the need for individual physical bank visits to
>>>> change signing authority.
>>>>
>>> Hi Sam,
>>>
>>> Could you consider the strategy of each new Treasurer to set up an account
>>> that is convenient in his or her circumstances (travel, citizenship, local
>>> banking laws, etc.) and that as soon as that new account is ready to
>>> accept funds, all the money in the old account is transferred to the new
>>> one?
>>>
>>> This means that there is no longer the requirement of an "eternal" account
>>> in the name of NCSG where control of that account is transferred, which
>>> as you point out has some big issues if someone distant takes over the
>>> responsibilities of Treasurer.
>>>
>>> In the absence of any bylaws or formation documents that preclude this
>>> approach, it seems to me that the NCSG process that selects the Treasurer
>>> could also approve this method of conducting the Treasurer's business.
>>>
>>> -ron



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