The overheads that will be charged to the Action Fund may include: storage; Leasing and maintaining equipment depreciation of Equipment and furniture owned by Charity; liability premiums and other insurance; General office supplies General telephone service (if used jointly); Other telecommunications equipment Computer and word-processing equipment; local taxes Software royalties Subscriptions and other publications The costs of accessing the internet and legal fees. What needs to be included in a resource-sharing agreement depends, of course, on what needs to be allocated and how the costs are properly allocated. To the extent that a cost-sharing formula is used, the parties should carefully consider how it can be applied to each cost area and whether it may be necessary to change the different cost-shared areas. Depending on Option 2, Charity may remain the sole resident of the facility or space. Therefore, rental or subletting may not be necessary. Charity may, however, use the same allocation methods described above in an independent agreement for contractors to ensure that it recovers at least the costs of its funds used for the Action Fund. If, for example, the Action Fund entrusts Charity with providing administrative services, Charity should charge at least the costs of its employees and other workers, including the amount of their benefits. And it should charge at least the cost of the space occupied by its employees and other workers and the cost of other resources used to deliver services for the Action Fund. Otherwise, all of these costs could be included in the equation if the Charitable Action Fund calculates a fair market rate for services (instead of a cost allocation rate).
Associated organizations will often enter into resource-sharing agreements to remind them of their mutual understanding of the shared use of certain resources. Sharing resources without formal written agreement can increase the risk of liability from entity to another and affect the activities of organization 501 (c) (4) to organization 501 (c) (3), which could jeopardize the status of the exempt organization. The resource-sharing agreement may also cover other specific areas in which affiliated organizations cooperate or coordinate. You can share a name for which you have trademark/service rights. You can manage a website or social media account. You can create common publications. You can have an arrangement on which one organization produces materials that are used by the other organization. You can participate in events. And they can raise money together.
These activities raise more specific issues that will be addressed in future organizations. And when you`re in Washington on Wednesday, April 25, I`ll be speaking on these topics at the 2018 Georgetown Law Conference on Nonprofit Governance, Charitable Advocacy. Despite the allocation formula, Charity will want to ensure that subletting land to the Action Fund is not contrary to its own lease. In addition, the parties will want to document the sublease in a corresponding agreement. If Charity owns the facilities and leases them to the action fund, the parties should enter into a corresponding lease. In this case, Charity can calculate an action fund based on a formula using a fair market lease value. This letter of understanding formalizes the agreement on resource sharing between the Council of Prairie Libraries and the University of the Pacific (COPPUL), the Council of University Libraries of Ontario (OCUL), the University of the Atlantic Library Council (CAUL-CBUA) and the Conference of Rectors of Quebec Universities (CREPUQ). CONSIDERING that a major emergency could affect any community, every community and/or First Nations of any size at any time, so that local resources would not be sufficient to stabilize the situation.