1915 Society Endowment Program

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On 2/26/2026 at 5:15 PM, mrjohns2 said:

Your understanding is incorrect. 
 

They did not “vote to contribute”, the corporation told the court the OA and NESA endowments were protected. They they were not subject to the bankruptcy contributions to the trust. The other side said show us how you did proper record keeping for the funds inputs and outputs. They had no records and had just comingled the funds in the general funds. Thus, they were ordered to contribute the funds. Thus they need to “recapitalize”. 

Comingling is a huge problem at every level in scouting as I can tell. Comingling is what is going to get every scout account using unit in trouble eventually. 

3 hours ago, InquisitiveScouter said:

Or all the above??

I think it's poor legal judgement. Personally I think the accountants and legal at national know we have an accounting problem at every level but there is not enough where-with-all in the national team to do something about it at this time. I am tepidly optimistic that once national retires all of the debt related to the settlement and restructuring that the national leadership will force the accounting and legal leadership to deal with the comingling issues at all levels in the organization to avoid any situations of the IRS crushing units or councils like a tin can.