One of the most heart-warming nonprofit charitable purposes is animal rescues. There's something about an animal's sweet face looking back at you that makes most people's hearts melt. Well, the wonderful leaders of HB Ranch Donkey Rescue have managed to…
Nonprofit organizations take all forms with their missions and how they get accomplished. One thing that never changes, though, is the passion that exudes from those taking the lead. I was able to catch up with Chris with Cycle for…
We have talked at length about the differences between the two primary categories of 501(c)(3) - public charities and private foundations. What we haven't addressed as much is the lesser understood category of private operating foundations. In this article, we going…
We love to see nonprofits hit the ground running once they decide to get started, and Think Happy Thoughts Foundation did exactly that. With their quick application approval at the IRS, Think Happy Thoughts Foundation has already made grand strides…
At Foundation Group, we know how incredible our clients are and how hard they work to accomplish their respective exempt purpose. Gentle Lion is no exception to this across their many years of operation. So, we want to shine a…
When it comes to the intersection of estate planning, charity, and philanthropy, there are many things that must be considered. It may be estate tax concerns, leaving an inheritance to your family, or creating a lasting legacy of giving that…
When it comes to establishing an appropriate philanthropic vehicle, the two most often chosen are Private Foundations (PF) and Donor Advised Funds (DAF). Both have their distinct advantages, as well as some drawbacks. DAFs have become increasingly popular over the…
The king of the nonprofit world is the 501(c)(3) public charity. This is what most people mean when talking about a nonprofit. It has federal income tax exemption, contributions to it are tax deductible to the donor and it is…
Once you know the purpose of your nonprofit organization and have an understanding of your desired ownership and controls mechanism, it is time for you to choose the type of 501(c)(3) that best represents your organization’s planned operational structure. There…
There are many reasons why people decide to start nonprofits. Some have a general sense of wanting to help others. Many have been personally affected by a societal ill – cancer, disease, natural disaster, lack of access to basic needs…