California fully reopened a week ago today, June 15th, removing most Covid-19 restrictions for businesses. Data have shown that California, despite harsh restrictions, is still the number one economy in the country, and is poised for a even stronger recovery. Part of the reason for the success i...
Philanthropy does not have to be limited to the United States. Your organization can, and should, distribute funds and charity worldwide. However, because the money does extend beyond international borders, the IRS requires additional verification to prove that the money is being used for proper ...
After a long and hard year dealing with the covid-19 pandemic, businesses have started to recover. All around us, signs are pointing towards a return towards normalcy. This is especially true as
A 501(c)3 nonprofit is essentially a business – one that acts in the public interest and does not need to pay taxes. As such, the decision-making process should be modeled after corporations. So in addition to having officers such as CEO/President, Vice President, you also need a board of directo...
If you already know what your nonprofit organization is doing, then you're already in good shape. You'll need to file articles of incorporation with the state you're registering in. A lot of states, like TX and CA, have nonprofit-specific forms that you can fill out online. After you do that and...
The biggest trap that most private foundations fall into is self-dealing. Self-dealing is very broadly defined, but the general definition is officers and directors using foundation funds to enrich themselves or their business. Blatant examples include directly taking foundation funds or donation...
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