Just two weeks after the onePulse Foundation Board of Directors voted to dissolve the nonprofit organization, it is declared that donors stand little chance of ever seeing their donations reimbursed. After spending seven-and-a-half years working to create a memorial honoring the 49 people killed in the Pulse Nightclub shooting on June 12, 2016, the onePulse Foundation never broke ground on the project. Laurie Styron, CEO of CharityWatch, a charity watchdog organization based in Chicago told News 6 it is unlikely that donors who wrote a $20 or $100 check will see any refunds. She talked about the rules and laws that charities have to follow when it comes to distributing restricted or unrestricted funds. A restricted fund is a donation made for a specific program or budget item and an unrestricted fund is a donation made to the organization in general. After examining onePulse’s tax returns and audits, it was concluded that most of the organization’s assets were in land, buildings, and equipment – not cash. Any dissolving non-profit needs to spend the cash on paying staff, for accounting and legal services, until everything is settled, and they officially shut their doors for good. OnePulse had already returned the property it acquired from Orange County to use for its museum project, and the property that houses the nightclub was owned by ousted foundation founder and nightclub owner Barbara Poma. Poma sold it to the City of Orlando in October for $2 million.
OnePulse Donors Have Little Chance Of Being Refunded, What Happened
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