Question: Converting from a PTSA to a PTO
Has anyone been involved in disbanding a PTSA and starting up a PTO? We would like to know how to handle the money involved and how to go about the process.
Asked by fullerton
Advice from PTO Todaybblake writes:
One of the most common questions groups have is what to do with money that remains in your PTA bank account when dissolving your PTA. The simplest recommendation is to spend those dollars down to near zero before taking that final vote. You may also donate the funds to the school or any other tax-exempt 501(c)(3) charity. Lots of information regarding PTO's and PTA's can be found here: http://www.ptotoday.com/pto-today-articles/article/864-switching-from-pta-to-pto
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