Did you always think of saving the world? Or save the needy children? Or save the animals from going extinct? During the time when the nation recovered from the impacts of recession, there were many who ditched their corporate jobs only to start off with some business of their own to be able to build a legacy of their own fortune and leave behind enough for the next generation. However, this was not only the time to start off with for-profit organizations but also the non-profits.
If you’ve always dreamt of starting off a charity organization like Yad Ezra, you need not fret as the steps that you need to take are simple enough. The concerns of this article will tell you about the few steps that you need to take. Read on.
Step #1: Begin by developing a mission and vision
When we say ‘vision’ it means the aspirational or inspirational destination that you want to reach through your charity organization. Quantitative measures are not something to include in your vision but you can definitely have descriptions of what you wish to create. On the other hand, the mission is a concrete description of your intention and purpose behind forming the charity. Also develop a fresh set of values.
Step #2: Give a worthy and meaningful name
As per design, a charity is an organization but still they will need philanthropy for gaining support of people. People would love to donate money from the core of their heart. Hence the next step is to give a name to your charity, either by the main function of the organization or the name of the founder.
Step #3: Be able to differentiate the identity of your charity
The NCCS or the National Center for Charitable Statistics says that there are more than 1.5 million non-profit organizations in America. Since there are many who keep competing with one another, you should be able to distinguish your organization from the others. You even have to motivate them and infuse passion so that they help you.
Step #4: Register as a 501(c) (3)
This is nothing but the IRS code which lets you operate as a charitable, non-profit and tax-exempt organization. Make sure you appoint an accountant or a lawyer who can tell you about the proper steps to register so that you can start operating with ease.
Step #5: Fundraising
You can definitely devote your own funds but initially you will also require obtaining support from others as well. Get in touch with the grant-making companies and make noteworthy number of meetings, calls and presentations to spread your word.
With that, you’re almost done and all you have to do is to begin operations. Initially, try to keep your expenses low so that you don’t run into financial issues.