Question: Large donation to alternate parent group
Our school has a new PTO. Our PTA has been losing members over the yrs. It doesn't look like we will have a board next year. We have over $20k in the bank. The board has discussed donating the majority of funds to the new PTO and leaving a small amount to finish out the year. Is there a max donation that can be made to the new PTO? Last yr, we almost didn't have a board and PTA District said they would hold our funds for 2 yrs if we went dormant. We rallied the troops for one more year but no one wants District to hold our funds in any capacity. Thanks for the advice.
Asked by Anonymous