Montecito, CA (PRWEB) January 29, 2009
New 501(c)(3) division of Grant Leisure will be devoted to assisting heritage or historical landmark sites, zoological facilities, or museums that are funded by the municipality, state, or federal government to transform themselves into tax-exempt, not-for-profit entities.
It is difficult to lead an organization successfully if you do not have the authority and freedom to manage your own affairs. In the case of heritage or historical landmark sites, zoological facilities, or museums that are funded by the municipality, the state, or the federal government, most never live up to their true potential. In most cases, these funding sources are strapped for revenue themselves. The annual budgets are normally tied to an inflation index, and very rarely is the organization able to modernize or reinvest in its facilities, either because the capital is unavailable or funds must be spent for other priorities that have to do with the health and life of the community.
There is a solution. This consists of creating a not-for-profit, tax-exempt organization. Grant Leisure is pleased to announce a new division of its company to assist in this process, called 501(c)(3).
Grant Leisure is a multi-disciplinary firm, having provided consulting and operational assistance to hundreds of organizations such as yours. In fact, we have ourselves been operators of charitable trusts in the United Kingdom, and a number of our associates have held executive positions in nonprofit organizations in the United States. Our extensive knowledge of the international zoological, museum, visitor attraction, and heritage industry enables us to assist operators in adding a solid commercial platform to their institutions. Since 1982, Grant Leisure has undertaken projects in more than thirty countries across five continents, earning an international reputation as creative yet pragmatic consultants to the leisure sector. Please see our website, http://www.grant-leisure.com.
The new division is prepared to help organizations that are currently run by a municipality or other government entity to transform themselves into not-for-profit, tax-exempt organizations. This will allow organizations to operate like a business, including the establishment of independent bank accounts and productive assets, in addition to gaining control of income from sales, admissions, donations and grants. This also includes gaining the freedom to hold massive investments and to enter into contracts of all sorts.
Grant Leisure's new 501(c)(3) division has a six-step program to assist in the transition to independence as a not-for-profit organization. These steps will help organizations to:
- Develop a mission statement
- Recruit and develop a board of directors
- Identify potential sources of funding
- Set up an endowment
- Procure legal assistance
- Draft corporate bylaws
Times are changing, and the economic climate is a challenging one. In order to obtain the best possible results for success in the long term, it is imperative that organizations take action that frees them to operate independently. We will be happy to meet with you personally and to discuss ways in which our new division can help your organization through the process, setting you on the path for a new and invigorating direction.
You may reach us at our US office at 805-969-1419 or via email at a-grant (at) grant-leisure.com. We look forward to hearing from you.