[James]

Curious how this conversation has aged since May. As a financial advisor, I handle cash spend down for many non-profits and entities that front fund projects. The challenge is that money market rates and CD’s are about to plummet in yield. As soon as the fed announces their drop, all of these rates will drop. Though 3% will be better than a checking account.

I would like to challenge your risk approach. I feel you have a fiduciary responsibility to have that money work harder for the cause. This means you need to seek solutions that get you better returns. All that said, how much are we talking about? Happy to provide more insight.

[James]

I am not an attorney, CPA or a REALTOR. However, I assume you have a deed restriction on a property that says you can’t sell it. That does not make the value 0 however. Without knowing more about how you obtained the property I would question that a perpetual “Never be sold” is a complete gift and sounds like control from beyond the grave. There are people who can value a controlled property but I would be asking for a legal opinion as well about the restriction.

On this thought, I am not sure I would see the downside of listing full market value of the property on your 990.

[James]

I believe the mission of the funds being used in the sponsorship need to align with those of the fiscal sponsor. I know of no reason why the designee can’t be a 501C7. I know many 501C7’s that own a 501C3’s but that is not part of the question