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Shelter Foundation winding up; Allegany County to receive assets as commissioners weigh shelter model
Summary
County staff said the Shelter Foundation is dissolving and its bylaws require asset transfer to Allegany County; staff expect roughly $500,000 and discussed whether the county should keep shelter operations in-house or pursue a hybrid nonprofit model to preserve grant access.
Allegany County staff told commissioners the Shelter Foundation is winding up and its bylaws require any remaining assets to transfer to county government, a step the county must approve to assume vendor contracts and liability protections.
"Their bylaws specify assets have to be transferred to Allegany County government," Speaker 6 said, adding staff and the foundation's attorney have drafted an agreement to move assets…
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