Talk of The Villages Florida - View Single Post - Let’s do some good !!!
Thread: Let’s do some good !!!
View Single Post
 
Old 04-11-2020, 08:54 PM
72lions 72lions is offline
Senior Member
Join Date: Apr 2018
Posts: 125
Thanks: 4
Thanked 145 Times in 51 Posts
Default
Quote:
Originally Posted by Number 10 GI View Post
What will be the requirements for someone to receive monetary aid? Who is going to establish these requirements? How are you going to vet the applicants to insure they aren't running a scam? Who is goin going to vet the people running the organization? Who is going to pay for all the filings for this organization? What will it cost to do the filing? Is there going to be a public record for everyone to review on who got money and how much? How long is it going to take before the organization is legal and begin operation? Way too many questions that need answering.
Great questions. Every for profit corporate foundation must be transparent through annual report and required IRS filings which are made public. Establishing the organization is pretty simple, probably no more than a few weeks. That’s the easy part.