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<p>[QUOTE="Conder101, post: 3624149, member: 66"]The individual coin authorizations don't specify that the organization has to raise matching funds, but another portion of the law requires it for all commemorative programs.</p><p><br /></p><p>See the portion in bold</p><p><br /></p><p>US Code Title 31 Section 5134 (f) (1)</p><p>(1) Payment of Surcharges</p><p>(ii) the designated recipient organization submits an audited financial statement that demonstrates, to the satisfaction of the <a href="https://www.law.cornell.edu/uscode/text/31/5134" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.law.cornell.edu/uscode/text/31/5134" rel="nofollow">Secretary</a>, that, with respect to all projects or purposes for which the proceeds of such surcharge may be used, <b>the organization has raised<a href="https://www.law.cornell.edu/uscode/text/31/5134" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.law.cornell.edu/uscode/text/31/5134" rel="nofollow"> funds </a>from private sources for such projects and purposes in an amount that is equal to or greater than the total amount of the proceeds of such surcharge derived from the sale of such <a href="https://www.law.cornell.edu/uscode/text/31/5134" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.law.cornell.edu/uscode/text/31/5134" rel="nofollow">numismatic item</a>.</b></p><p><br /></p><p>The law does require the coin program pay its expenses (Which is why the Girl Scouts didn't get their surcharges) but it also requires the organization to raise matching funds as shown above. That was why Yellowstone National Park didn't get their portion of the surcharges from the 1999 Yellowstone National Park Silver Dollar. Yellowstone had no way to legally raise the matching funds. The National Park Foundation did have fund raising capabilities and they did get their portion.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 3624149, member: 66"]The individual coin authorizations don't specify that the organization has to raise matching funds, but another portion of the law requires it for all commemorative programs. See the portion in bold US Code Title 31 Section 5134 (f) (1) (1) Payment of Surcharges (ii) the designated recipient organization submits an audited financial statement that demonstrates, to the satisfaction of the [URL='https://www.law.cornell.edu/uscode/text/31/5134']Secretary[/URL], that, with respect to all projects or purposes for which the proceeds of such surcharge may be used, [B]the organization has raised[URL='https://www.law.cornell.edu/uscode/text/31/5134'] funds [/URL]from private sources for such projects and purposes in an amount that is equal to or greater than the total amount of the proceeds of such surcharge derived from the sale of such [URL='https://www.law.cornell.edu/uscode/text/31/5134']numismatic item[/URL].[/B] The law does require the coin program pay its expenses (Which is why the Girl Scouts didn't get their surcharges) but it also requires the organization to raise matching funds as shown above. That was why Yellowstone National Park didn't get their portion of the surcharges from the 1999 Yellowstone National Park Silver Dollar. Yellowstone had no way to legally raise the matching funds. The National Park Foundation did have fund raising capabilities and they did get their portion.[/QUOTE]
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