For example, there may be nearby childcare centers that can take a few additional children, or a local cancer society may be able to help families living with cancer. There may also be a community foundation or other donor who could donate funds to ensure that client transitions, if necessary, are as smooth as possible. Review the organization's own rules for dissolution as stated in the Bylaws and Articles of Incorporation. Take care to hold the appropriate meetings and votes, and to record the actions taken. Choose one person who will store the documents for a few years in case there are questions.
State laws vary on the steps required for nonprofit dissolution.
In some cases a petition must be filed with a court which then appoints a trustee to oversee the distribution of any remaining assets. Ask an attorney for help, or contact your state Attorney General for information. In addition to cash or receivables, assets may include copyrights, historical photos, and the organization's name and internet domain name. As examples, a nonprofit may donate its equipment to a nonprofit halfway house, give its publications inventory to a nonprofit bookstore, and its domain name to a sister organization. Be proactive about publicity.