Question: Private School foreclosure
We are a private school non for profit but school building is going into foreclosure in April. However, it seems like we will finish this school year at the present location. Should the PTO cancel all fundraising activities and hire a lawyer? Is okay to continue with fundraisers. Parents have form committee and are trying to get a new building to move into for the next school year and also make changes in admistration. Please advise.
Asked by Anonymous
Advice from PTO TodayCraig writes:
Once you've determined that the school will stay open for the rest of the year, I think it's OK to continue fundraising activities. You should probably be conservative, however, and not attempt to raise more than you will need for the year and possibly a little more to get you started for next year. If the school does close, you can donate any leftover money to another school. The usual disclaimer -- I'm not a lawyer so this isn't legal advice. Just my own assessment based on your question. Good luck and sorry to hear your school might close -- that's a difficult situation.
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