Settlement proposal
The BSA is proposing to pay roughly $220 million toward a trust to compensate tens of thousands of former members who say they were abused as Scouts. An additional $300 million may come from a voluntary contribution from local councils, the Boy Scouts said in court documents filed earlier this month; but the local organizations have given no formal commitment.
The number is a fraction of the $1 billion of the organization's estimated value, and a sliver of the value of its subsidiaries, including local councils as well as various trusts and endowments, which USA TODAY estimates could exceed $3.7 billion.
The proposal is part of a reorganization plan put forth by the iconic nonprofit detailing how it intends to handle the massive child sex abuse case that’s threatening its existence – the largest ever involving a single national organization – and emerge as a viable entity.