News reports are that National BSA is considering a bankruptcy filing.
The national Boy Scouts of America organization is considering a bankruptcy filing in the face of increasing costs related to sexual abuse litigation, according to various news sources.
In the wake of that story, the Green Mountain Council in Vermont recently issued a statement, indicating that scouting in Vermont is separate from the money troubles at the national level
- The Green Mountain Council is a 501(c)(3) entity incorporated in Vermont. Our Camps, our Council Service Center, our bank funds and investments are owned and controlled by the Green Mountain Council.
- The nature of the relationship for a council with the national BSA organization is that our council is the holder of a charter to conduct the Boy Scouts of America programs in our defined territory.
- Council’s receive no funding from the national organization; in fact, we pay fees to National BSA as a part of our charter agreement and for specific services. We receive value back from the national organization, but we operate as a significantly financially independent not-for-profit organization.
- Areas where we partner with National BSA, for business purposes, include several insurance programs, services for IT and expertise related to camping, Youth Protection and so on. In addition, and important to note is employee benefits such as healthcare and retirement are funded by each council but through programs controlled and operated by National BSA.
- The Green Mountain Council is a strong council in the BSA from perspectives of fiscal health, program quality, board and volunteer dedication and staff commitment and talent.
Source: Facebook|Green Mountain Council