sure you can, I am sure that it can be done but this is a pto with one account, it sounds as if your foundation has a seperate account for this? I am just questioning why a pto would take on that responsibilty of keeping track of anothers money other than as a favor. I mean if you open a separate account that would solve the issue of keeping it seperate but you still are doing the book keeping for the other group in a sense. I am thinking a foundation is a seperate entity set up just to disperse grants and funds to different organizations in line with the foundations goals/missions. How would this fall into a pto, just curious?

I am a member of an Education Foundation who allows other district organizations(Booster clubs) to use our 501c3 status. All money is collected, made payabe to the foundation, the foundation then writes the checks. We hold the money in a seperate account to have a clean in and out of the money for the booster club. As long as the board votes in favor of such action there is no problem with it. The Foundation assumes financial responsibility for the money.

accepting a 75,000 donation for a playground is totally different than holding 3000.00. Think about it. I did post under your other post on this as well.

can someone answer this question we have a pre-school for disabled children on our campus. They are park of our district but not our school. Their students are not included in our enrollment numbers. There was a $75,000.00 donation to build their own playground on our campus. Last year our principal and PTO pres accepted the donation and deposited it in our PTO acct. we held the money for this pre-school and wrote the checks to the contractors. They are asking us to hold $3000.00 again this year and our board said NO. They sent an email stating that they needed the money to be deposited into a 501c3 organization. Is this legal? It sounds like they are trying to get out of paying taxes on the money. Their are NO minutes recorded for this decision. Help