There’s a well-worn cliché that says, “If it’s not in writing, it didn’t happen”. When it comes to your nonprofit, no truer statement was ever uttered! But, unless you are the uber-organized type who just instinctively writes everything down, documentation…
Most people involved with nonprofits know that there are certain rules that must be followed. Now granted, there is a lot of misunderstanding with regard to what the rules mean and how to properly follow them. And it goes without…
Several months ago, we posted an article and accompanying video about Beneficial Ownership Information (BOI) filings for nonprofits. We’re almost one year into this new requirement, and with 2025 on the horizon, what changes and/or updates do you need to…
If you have experience in the for-profit world, you have likely heard the common advice that you should incorporate a new business in the state of Delaware. More than 60% of Fortune 500 companies are incorporated in Delaware. There are…
Work with startup nonprofits for as long as we have, and you’re bound to hear virtually every idea someone could come up with. We had a lot of fun in our last post exploring the terrible ideas people have that…
At Foundation Group, we love nonprofits. And, we love working with our clients who are setting up these essential organizations all across the globe. There are many great reasons to start a nonprofit. As you’ve no-doubt seen in our marketing…
Nonprofits seeking federal tax-exemption under Section 501(c)(3) of the Internal Revenue Code have for decades applied by filing Form 1023 with the IRS. In 2011, the National Taxpayer Advocate recommended that the IRS develop a simplified method, particularly for small nonprofits. The…
The concept of who owns a nonprofit organization can be hard for some to grasp, especially given that the answer is, “No one!” We encounter this confusion with new clients on a fairly regular basis. And, given people’s understanding of how basic…
If you’re passionate about a cause, you’re likely eager to take action and make a difference. While there are seemingly endless ways you could go about this, starting a private foundation might be the solution. Although launching your own organization…
Here’s a factoid you’ve probably heard before: The majority of small business startups fail within the first 5 years. Sadly, the same is true for nonprofits. There are a multitude of factors that come into play that help to determine…