Strategic Restructuring: |
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Tips and Answers
to Your Questions If one organization has a 501(c)(3) tax exemption and it is planning to merge with another one that doesn't, is the 501(c)(3) transferable in the merger ?The IRS exemption is not transferable, but that should not be a problem here. In this case the organization that is a 501(c)(3) should be the surviving corporation, and if the other group's work fits within the exempt group's exemption, there should be no problem. You should discuss this with a lawyer who can advise you more specifically with regard to your situation.
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