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KBLX 102.9 FM Radio Weekend Tip! What are Nonprofit Foundations & how do they benefit others?


What are nonprofit foundations and how do they benefit others?

Foundations are established to meet charitable goals by Giving  grant money to individuals and supporting  institutions

Foundations underwrite the ideas and dreams of others    

Foundations generally do not actively or directly engage in actual charitable work

Nonprofit  Foundations are listed under the Internal Revenue code  as 501C3s:

CAUTION -- Before establishing a foundation … Know in advance all government tax requirements and limitations

SECOND – Spend some time reviewing and considering existing alternatives to creating  a Foundation, -  Like;        

  • Contributing to existing Donor Advised Funds or Giving Circles that are share similar Values to your Mission       

  • Explore Creating a Charitable trust       

  •  OR Collaborate with existing organizations        

1 Comment to KBLX 102.9 FM Radio Weekend Tip! What are Nonprofit Foundations & how do they benefit others?:

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