I asked a question yesterday about starting a foundation...

Question

Maybe a "foundation" isn't the word I should've used.

I want to start a PROGRAM [I guess you could call it that] that would do different things like walk-a-thons, etc to raise money for different causes.

Can any old person just do that or do I have to be somebody special or follow a bunch of laws & regulations?

Answer 1

Any program or foundation you would like to start has to start with getting a license to do so. A tax free one. I don't know the exact name but my friend tried to create a non profit organization and it took all his time and quite frankly wasn't worth it. Unless you have alot of money to start it.

good luck

Answer 2

You will need to start a 501 c 3 organization in order for people to give you money for the causes. There is some intense paperwork with this and you will need to create a board of directors. That means you will need at least three people who will do this together. You do not need to be special or have any prior experience. I formed a nonprofit on my own. I did need an attorney to draw up the bylaws.

If you have no motives of your own, financial or otherwise, I would definately go for it! It is a wonderful idea.

You may need to narrow down your area of interest a bit though. Who specifically do you want to help? You will need a cause.

There are many tests in the nonprofit paperwork to be sure you are genuine and much accountability to be sure you are doing the right thing with the money you collect so be sure your heart is in the right place.

Another idea would be to contact existing nonprofits and volunteer to do grant writing for them or help with organizing walks and events. You will not need special paperwork for this and they would love the help.

The bookstore will have many resources for you on starting a nonprofit!