11 Must-Dos for Starting a Nonprofit
There’s a lot that goes into starting a nonprofit. Here’s 11 things to consider…because 10 is never enough!
Private Foundation Vs Donor Advised Fund: Which Is Right for You?
When you want to make a lasting impact through charitable giving, two of the most common vehicles are private foundations and donor advised funds (DAFs). Each offers unique advantages, but they are not the same. Understanding the differences can help…
Understanding the 501(c)(3) Public Support Test
Over the course of our many years in business, we have found the public support test to be among the least understood topics by nonprofits, especially smaller organizations. But, it is absolutely critical to understand how it works, lest your nonprofit…
Form 990: The Public Window Into Your Nonprofit
There are lots of reasons why your nonprofit’s annual IRS Form 990 is critically important. Chief among those reasons is that it is legally required that your organization file one each year. But another important consideration is the public transparency…
Private Foundation vs Private Operating Foundation: Understanding the Key Differences
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…
Expert Tips for Beginners: How to Start a Private Foundation
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…
Private Foundation vs. Public Charity: Spot the Difference
When starting a 501(c)(3) organization, there are generally two choices for classifying the organization: private foundation or public charity. Public charities represent the largest share (72%) of active, 501(c)(3) organizations. Their purpose is to perform charitable work, while private foundations…
What is a Disqualified Person in a Nonprofit?
The IRS has all sorts of rules about what your nonprofit can and can’t do and still maintain 501(c)(3), tax-exempt status. In this article, we’re focusing on the rules concerning the who. Specifically, who can and can’t fulfill certain roles…
Using a 509(a)(3) Supporting Organization as a Private Foundation Alternative
“What Is a 509(a)(3) Supporting Organization?”. Now, we want to take a look at one way to take advantage of this unique structure.
50 Nonprofit Facts and Statistics
Most people, or at least me, like lists of facts. Like the height of Mount Everest is 29,032 feet high. Although it was considered to be 29,028 feet high until December of 2020, when the official height was changed. Facts…