Can founders treat charities like a business? (Business Opportunities - Home Business)

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Can founders treat charities like a business?

Can founders treat charities like a business?

Some founders of charities do not realize the charity's regulations, and they start to think about the profit they can make from that charity. That results in mismanagement of the charity and ends up making profits. I have seen the founders of a charity wanted to pay themselves a bonus at the end of the year. Therefore, I had to point out that a charitable organization cannot pay dividends to the founders.

They are unaware of the consequences of their actions, such as removing their charity from the Charity Commission register. I worked at a Law center closed down because of small issues at the Law Centre. Another charity I worked for took a significant financial benefit from the charity; the founder was concerned about the money all the time.

Some people try to set up a charity without even realizing and accepting the responsibilities, they have to face when running a charity. They do not know about providing trustees reports because they are not involved in monitoring the charity's management.

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Target State: All States
Target City : London
Last Update : Dec 10, 2020 3:42 AM
Number of Views: 18
Item  Owner  : Vathani Ariyam
Contact Email:
Contact Phone: 07415003212

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2021-02-28 (0.402 sec)