You are a successful person who wants to help others. You see a need for the creation of a charity in your community so where do you start? Creating a charitable organization is a complicated undertaking. Find the answers to these questions before you dive into the process.
What specific need do I want to address? You must pinpoint the exact cause your organization will benefit. For example, do you want to feed poor children, provide assistance to domestic abuse survivors or provide elderly persons with medical equipment or something else?
What is the scope of your operation? Perform research to determine how much need is in your area. Go out into the community and speak with people who know. Contact local government representatives for more information.
How to I make sure my initiative qualifies as tax exempt? The IRS says you must declare that assets of the charity will never benefit you, your partner or anyone else involved with in operating the enterprise. Research what other regulations govern charities in your state.
How will your charity make money for the cause? Some common ways are hosting fundraisers, throwing galas, appealing online for donations and reaching out to local corporations and individuals for help.
Who do I need to bring on board? You might need a board of directors or advisory committee. You have to decide what criteria these persons must meet and know where to find candidates.
What paperwork do you need to file? Contact state officials regarding these papers and find out how much it is to file them. In general, you need to complete documentation comparable to those starting a for profit business.
We know you can do this, make a difference in your community today. Please contact us for information on fundraising opportunities.