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It’s a 501(c)(3) which doesn’t allow the board to spend the proceeds as they wish. Not an expert here, but from what I’ve read it seems anything left over must
by tass 3y ago
It’s a 501(c)(3) which doesn’t allow the board to spend the proceeds as they wish.
Not an expert here, but from what I’ve read it seems anything left over must go towards charitable purposes.
- yial 3y agoIn theory, the funds should go to a nonprofit with a similar mission. I’m confused at the auction, unless no other museums of motorcycles wanted part of the collection.