I'm a teenager and out of donations want to donate $1 million dollars?

Question

Ok.. i am an 18 year old guy and i really want to create a website that accepts donations for fighting aids. My first question, legally , can i accept donations when i am not an organization or anything- i am just an individual. Second question: would you trust to pay someone like me?

Answer 1

no and no

Answer 2

Hi,

Greetings from far. You wants to donate, definitly its an holly job. But you have not mentioned for which purposes you want to donate. Will you mention it please?

Thanks

Answer 3

i suggest you connect with a charity and set something up.

lost.eu/21618

Answer 4

There are existing AIDS programs; decide what you want to designate the $$'s for (Hospice,Research, Educational programs. )Your challenge is to decide whether you want to set up a trust, a non-profit (501C-3); hardly anyone' s going to donate a substantial amount to a regular individual. And if they did, you'd be in a pickle w/the IRS, as you'd have to call donations income & do the 1099 tax thing.Find an organization toaffiliate with (it's called Umbrella Agency in the 501C-3  world) ;you can be the trustee of incoming dollars, as long as there's an established account. . probly requires 2 signatures ~ ask your bank!!Note: programs generally slide through smoothest if there's an educational  component  in your proposal.

Answer 5

no

no

Answer 6

You would need to register as a charity or join an existing one .

You would also have to register with the tax office and keep books etc etc.