Live in the world but be not of it.
THE START UP PROCESS:
Share your charitable purpose and vision and your humanitarian focus areas, and request an Application.
Choose a name(s) which we will check for domestic and global uniqueness. Choose Trustee(s).
Submit the Application and funds.
We will provide your new Foundation's EIN, M-F mornings, and send to you via email attachment.
Your founding document will be mailed to you for you to sign with a notary.
You have a functional Foundation within a few days, and can begin operations.
To get your Foundation's bank account, you will need your notarized founding document, the EIN, and the Certification of Trust which will be sent to you once it is filed in the state of Nevada.
WHAT WE PROVIDE:
Assistance in identifying your mission and purpose
Suggestions on how to decide on a name for your Foundation
Creating the founding document (you and your Trustees will need to notarize your signatures)
Obtaining the EIN identifying number
Filing in Nevada and the first year fee (another notarization by the Founder only)
Paperwork to enable you to open your Foundation's bank account
Binder with your Foundation’s Seal and a place to store Minutes of Annual meetings
Teaching you and your Trustees how to use, manage and run your Foundation and what the rules are which must be followed, and this webinar is vital to your success. An Advisor of your choosing can attend the webinar for a one-time fee of $250.
Permanent lifetime support and consulting help
A fund raising workshop to empower you to be able to locate, identify and communicate with sources of funds who are compatible with your purpose and mission, and who are good candidates for donations to your Foundation (one workshop is included; others are available)
Preparation of Form 1023, the formal application to the EO-IRS for your official tax exempt status, ready for you to sign and mail to the IRS Exempt Organizations office, in order to receive your Foundation’s official tax exempt status recognition
Access to our group of professionals for 990PF preparation, and for extensive or specialized legal advice or investment services above and beyond the norm
Lifetime support and assistance. It is in our best interest as well as yours to have you be successful.
WHAT THE ONE-TIME FEE INCLUDES:
All of the above.
WHAT THE ONE-TIME FEE DOES NOT INCLUDE:
Any Advisors of your choosing who wish to attend the webinar. They are welcome, for a fee of $250.
The IRS/EO fee ($600 at this time) that is submitted with your Form 1023, because we feel this check should be written from your Foundation’s bank account.
Any additional work necessary to address follow-on questions regarding your Form 1023, on an hourly fee basis. Until now we have never enforced this charge and have done all responses required for free. This may change in the future.
Fees for 990PF annual report preparation (due May 15 of the second year after establishing your Foundation, for your initial year; an extension can be applied for by May 15 and that extends your filing window to November 15), and for any specialized legal or investment advice and services above and beyond the norm
Annual fee to renew your Foundation's Nevada filing, beginning in the second year, which currently is $100 per year.
How many private charitable foundations have you created?
How long have you been doing this service for people?
What is the source of the creation document?
Is it a Trust format, and therefore potentially sovereign if filed correctly, as well as statutory? Or a Corporate format?
What state will my foundation be domiciled in? What are their rules about sharing information? What are the annual fees?
Will my foundation be listed on their Secretary of State's website?
Do you apply for the EIN for my foundation?
What is your preferred method of communication? What is your time frame for returning calls? Do you answer questions completely and clearly? Can I trust you to follow through?
Do you have references I can call?
It is my sense that every Foundation is different because the vision of each Founder is personal and unto itself. How do you deal with each Foundation's uniqueness?
Do you provide a completed-ready-to-mail Form 1023?
Do you provide responses, ready to print and mail, to the questions that follow submission of the Form 1023? Do you have a limit as to the number of responses you provide?
Do you guarantee IRS-EO approval as a 501(c)(3)?
Do you teach the rules to follow? What is your method for doing so?
Do you run workshops for Trustees?
Do you provide referrals to competent and experienced CPAs. non-profit consultants, non-profit attorneys, and other non-profit financial professionals?
Do you provide support and mentoring to do your best to be sure my entity and I are successful?
Do you assist with funding and fundraising?