19 Jul
2019
19 Jul
'19
5:56 a.m.
On 7/18/19 21:38, David Ranch wrote:
Wow! This is rather big news but has also been VERY opaque to the
AMPR community. I'm also surprised that the sale has already occurred
and not auctioned off to say the highest bidder? Since ARDC is a
corporation, when will we learn about the sale price and how this
money will be *really* spent?
The bottom of https://www.ampr.org/amprnet/ does cover a little of
this but it's all too vague for my tastes.
I didn't like the secrecy either, but it was necessary given the nature
of the process. We are precluded by the terms of the sale from giving
precise figures at this time, but suffice it to say that we (Brian,
actually) worked *very* hard to get the best possible price. I am fully
satisfied that he did. Everyone with any arguable legal property
interest in 44/8 was fully informed and consented to give up that
interest and have it benefit ham radio instead. I didn't even think
twice about it.
Remember, this is an IRS 501(c)(3) charity, which means there are strict
rules on transparency, how money can be spent and how it must be
accounted for. Tax returns and other documents are public information.
One of the most important rules for a non-profit, which the IRS takes
pretty seriously, is a prohibition on "self dealing". This is how Donald
Trump's personal charity got shut down.
73, Phil