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Our school has started the formal steps to leave PTA but has not begun setting up a PTO. We are technically PTA members until the end of Sept so we were told by council we have until then to set up the PTO and do a 1 time money donation from the PTA 501c3 to the PTO 501c3. Is this true? Also, if we are not set up by Sept 30th can we just have a few people rejoin our PTA so we don’t loose our assets?