2nd Chartering Organization -Forwarded
Bruce C Johnson (email@example.com)
Tue May 12 06:17:10 1998
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Subject: 2nd Chartering Organization
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The BSA allows units to have two chartering organizations listed on
their unit charter. Some units have a second chartering organization called
"Friends of SSS Independence" or "Parents for Ship 360". Supporters of Seagoing
Youth", etc. Usually, these second chartering organizations are non stock and not
for profit charitable organizations. Most of these COs are recognized as
charitable organizations under Section 501(c)(3) of the Internal Revenue Code.
Many of these COs own the vessels and equipment used by their ship. Some
ships have them as their sole CO.
The foregoing method provides continuity and control of the ship's assets.
Also having a traditional CO provides the benefit of the support of the members or
It may well be an idea that worried units with only public COs may want to
examine. It may mean your very survival..