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Difference between revisions of "Member-Funded Societies (Societies Act FAQs)"
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Member-Funded Societies (Societies Act FAQs) (view source)
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{{Societies Act FAQs TOC}} | {{Societies Act FAQs TOC}} | ||
{{REVIEWED | reviewer = [[Pacific Legal Education and Outreach Society]] (PLEO) in May 2021}} | |||
===What is a member-funded society?=== | ===What is a member-funded society?=== | ||
A member-funded society is a special subset of non-profit societies. Incorporating as member-funded will be unusual for most groups of people who want to get together to do something to benefit the community. A member-funded society exists ''primarily'' for the benefit of its members. Some examples include golf courses or private benevolent organizations. Just because the non-profit is primarily funded by its members does not mean that the non-profit should incorporate as member-funded. ''Only non-profits that are certain they will likely never receive sources of funds from anyone other than their members should consider doing so.'' | A member-funded society is a special subset of non-profit societies. Incorporating as member-funded will be unusual for most groups of people who want to get together to do something to benefit the community. A member-funded society exists ''primarily'' for the benefit of its members. Some examples include golf courses or private benevolent organizations. Just because the non-profit is primarily funded by its members does not mean that the non-profit should incorporate as member-funded. ''Only non-profits that are certain they will likely never receive sources of funds from anyone other than their members should consider doing so.'' | ||