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Start Up Funds

15 years 7 months ago #148276 by OregonTreasurer
Replied by OregonTreasurer on topic RE: Start Up Funds
When we looked into making the switch, we decided to set the PTO up as a committee of the school, get an EIN from the IRS (that's free), and then hold a fundraiser with checks made out to "School PTO". We wanted something small, since we only needed to raise a little over a thousand dollars. We'd then take our money and checks to the bank and open an account with it. That would give us the start-up money that we needed to get our 501(c)(3) and incorporate with our state. Once that was done the PTO would be independent of the school.

HTH!
15 years 8 months ago #147920 by RoeC
Start Up Funds was created by RoeC
Is their money involved in getting a 5013C status, as well as the IRS forms?

If so where does this money come from if we can not use our current PTA money? How do we open a bank account without any money coming from our current PTA checking account?
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