Consultation on Transferring Funding From 501(c)(3)
Assist a nonprofit teaching social and emotional learning to children globally by providing a consultation on the implications of moving their funding from their 501(c)(3) to their UK entity.
Referred by:
Think Equal has a 501(c)(3) and is also a UK-registered charity. Currently, all global projects (excluding those based in the UK) are housed and funded under the 501(c)(3). Given the current political climate, Think Equal has now decided to move their funds from the U.S. to the UK. Going forward, the U.K. entity will be the paying agent for all projects (including those in the U.S.). They have received guidance from an attorney in the UK, and the funds will be transferred in late December. However, Think Equal would appreciate a consultation with a U.S. attorney to discuss the implications of making this change from a U.S. perspective and any red flags they should be aware of going forward.