Dream Foundation Tikina

From Tribewanted

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*How best/quickly should the Dream Foundation be set-up?
*How best/quickly should the Dream Foundation be set-up?
*Should the person/s managing the Dream Foundation be paid part-time?
*Should the person/s managing the Dream Foundation be paid part-time?
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''If that person is also a Trustee......
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'''F2. Can Trustees be paid for their duties?'''
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'''The Short Answer'''
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Generally, no. Most Trustees are unpaid, and must not benefit in any way from their connection with the charity. There are limited exceptions to this rule.
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'''In More Detail'''
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Prohibited benefits: Trustees are not entitled to receive any payment out of the charity’s funds other than reasonable and
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necessary out-of-pocket expenses, such as the cost of travel to attend Trustee meetings. Additionally, they must not benefit,
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either directly or indirectly, from the charity by, for instance:
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taking a lease of the charity’s property;
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borrowing money from the charity; or
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making contracts to do business with the charity.
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*Who should be trustees on the Dream Foundation?
*Who should be trustees on the Dream Foundation?

Revision as of 12:18, 22 January 2007

Contents

Role

To set-up the legal status of the Dream Foundation, its aims, its projects, and raise its funds. This Tikina is, perhaps with the exception of the island tikina, going to take the most work. It should be considered that whoever takes on the responsibility of running the Dream Foundation might be paid out of the funds its raises.

Proposed members

  • Helen Laing
  • Mariah Dawn
  • Geoff Major
  • Lauren (Lollipops)
  • Raina Jensen
  • Kim Lindsay-Black
  • Jonny Wilkins

Current issues

  • How best/quickly should the Dream Foundation be set-up?
  • Should the person/s managing the Dream Foundation be paid part-time?

If that person is also a Trustee......

F2. Can Trustees be paid for their duties?

The Short Answer

Generally, no. Most Trustees are unpaid, and must not benefit in any way from their connection with the charity. There are limited exceptions to this rule.

In More Detail

Prohibited benefits: Trustees are not entitled to receive any payment out of the charity’s funds other than reasonable and necessary out-of-pocket expenses, such as the cost of travel to attend Trustee meetings. Additionally, they must not benefit, either directly or indirectly, from the charity by, for instance:

taking a lease of the charity’s property; borrowing money from the charity; or making contracts to do business with the charity.

  • Who should be trustees on the Dream Foundation?

Updates

Links

A selection of pages from The Charity Commission site which look like they will be immediately useful:



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