🚀 go-pugleaf

>If you read the Articles of Incorporation, you will discover that the
>SCA can only transfer assets to another non-profit corporation of the
>501(c)3 type.  While I am far from an expert on the topic, I doubt
>that any tax liability arises under Federal law.  

I don't have the wording to hand, but the Articles of Incorporation state
that the SCA can transfer assets only to other 501(c)(3) organizations
*with compatible goals* to those of the SCA.  (In other words, SCA Inc. 
can't donate money to, say, Greenpeace even if the latter is 501(c)(3),
and it can't donate to organizations that are not 501(c)(3) no matter who
they are and what they do.)

What will happen now, according to my memory of informal notes from the 
Board meeting written by Hilary, is that KTI will incorporate as a 501(c)(3)
corporation and once they have done that, the SCA will transfer the funds.
This keeps it legal and there is no federal tax liability.  I presume that
the Board has a reasonable basis for believing that KTI can actually obtain
this status.

And now a question: is KTI planning to be a resource for *any* SCA group
that wants to acquire land in a similar manner?  If they're intended to be
strictly a West Kingdom organization, isn't the name a bit misleading?

Ellisif