GoTWHeeLs
08-15-2007, 04:13 PM
Me and a buddy are going to start a non profit organization and we would like to know if anyone had any suggestions for us. Here's our thoughts:
Association, Fund, or Foundation? Name ideas needed.
Classified as 501(c)(3) Non-Profit Exemption. Donations written off as deductions.
Ÿ A non-profit organization created to be a conduit for donations and fundraising, giving out ‘Quality of Life’ grants to help the newly injured become a functional part of society again.
Ÿ The organization will consist of a Board of Directors, fundraisers, and Community Representatives to inform the public and represent our Foundation.
Ÿ The foundation will have an annual or bi-annual (twice a year) fundraising dinner to pull in private (hopefully tax-exempt) donations.
Ÿ Through our Community Representatives the organization will find benefactors in need of financial help. We will also use members’ vast knowledge of local companies and groups to provide newly-injured/-discharged people with necessities.
Ÿ This organization will need a headquarters, where people can visit, donate, and apply for grants year-round.
Ÿ Our fundraisers will organize and plan the events, and also lobby local (and national) organizations to donate.
Ÿ Certain positions within the organization will not be needed year-round, allowing time for jobs and family, etc.
Ÿ The organization may maintain a small staff all year, which would require financial support (salaries). This will not effect the 501(c) status (to my knowledge).
Ÿ The foundation may offer membership (and a donation certificate) for donations made, but these members would be non-voting members of the community.
Ÿ The organization will need outreach and volunteer opportunities to help in the dinners and other events, to increase its notoriety further.
Association, Fund, or Foundation? Name ideas needed.
Classified as 501(c)(3) Non-Profit Exemption. Donations written off as deductions.
Ÿ A non-profit organization created to be a conduit for donations and fundraising, giving out ‘Quality of Life’ grants to help the newly injured become a functional part of society again.
Ÿ The organization will consist of a Board of Directors, fundraisers, and Community Representatives to inform the public and represent our Foundation.
Ÿ The foundation will have an annual or bi-annual (twice a year) fundraising dinner to pull in private (hopefully tax-exempt) donations.
Ÿ Through our Community Representatives the organization will find benefactors in need of financial help. We will also use members’ vast knowledge of local companies and groups to provide newly-injured/-discharged people with necessities.
Ÿ This organization will need a headquarters, where people can visit, donate, and apply for grants year-round.
Ÿ Our fundraisers will organize and plan the events, and also lobby local (and national) organizations to donate.
Ÿ Certain positions within the organization will not be needed year-round, allowing time for jobs and family, etc.
Ÿ The organization may maintain a small staff all year, which would require financial support (salaries). This will not effect the 501(c) status (to my knowledge).
Ÿ The foundation may offer membership (and a donation certificate) for donations made, but these members would be non-voting members of the community.
Ÿ The organization will need outreach and volunteer opportunities to help in the dinners and other events, to increase its notoriety further.