Guest guest Posted March 3, 2004 Report Share Posted March 3, 2004 The most difficult thing about it is to get the 501c status that allows tax deductable donations. In order to do this, you must have a little money available (which means the donor wouldn't get a tax break b/c you don't have the status yet) and a business plan. Its a tedious process and can take a few months to get it all done. The way they do it though, you have to be operating during that time too. Its a good idea to get someone to help you who has done this before...in Memphis here, there are even agencies that you can pay to do it for you, but that's money out of your pocket. You will need to think of a name, purpose and mission statement and thats all you have to do to call yourself one! I have been on several city-wide boards for adoption and such and might be able to answer some other questions if you have more specific ones. So what kind of foundation are you starting? deb...mom to three great adopted kids... (07.04.96-05.26.03) with Mitochondrial Disease, Gaige age 5 with High Functioning Autism & dysfluency and Bliss age 2 with very very mild Cerebral Palsy.www.HeartLiftersGallery.com Quote Link to comment Share on other sites More sharing options...
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