Closing Permanently

The Alliance has compiled this set of resources on closing permanently from throughout the nonprofit and museum sector.

Facts about Terminating or Merging Your Exempt Organization

The Internal Revenue Service (IRS) offers a Fact Sheet about Terminating or Merging Your Exempt Organization (PDF, 4 pages) that provides important information about what should be reported to the IRS when a tax-exempt organization shuts down, transfers assets, or merges with another tax-exempt organization.

How and Why to Shut Down a Successful Nonprofit

This blog post from the Standford Information Review outlines how and why a successful nonprofit might go about shutting down.

If It Is Time To Close It: Considerations for Dissolving An Organization

The Summerlee Foundation offers several points on when an organization should dissolve and how to go about doing it.

Making A Good End: How to Close a Museum

This webinar from the American Institute of Architects Connecting to Collections series provides the specific actions needed to bring a “good end”, including legal requirements, collections disposal, maintaining community relations, and recognizing the deep commitments of founders and other stakeholders. Case studies are used to illustrate specific points and ideas. There is also a 2-page PDF with a list of books and articles helpful when making a decision to close permanently.

Termination of an Exempt Organization

Internal Revenue Service provides information on how to file an annual report or notice after an organization’s termination and required disclosure information.

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