Registering Your Charity
- Define Your Mission and Vision
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Clearly articulate the purpose of your charity. This will guide your actions and communicate your intentions to both potential supporters and regulatory bodies.
- Legal Structure and Incorporation
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Decide on the legal structure of your charity (e.g., trust, corporation, or association) and proceed with incorporation according to your jurisdiction’s laws. This often involves filing specific paperwork with the relevant governmental body and paying a filing fee.
- Obtain Tax-Exempt Status
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Apply for 501(c)(3) status on Form 1023, “Application for Recognition of Exemption”. A streamlined Form 1023-EZ exists for small organizations — projected annual gross receipts under $50,000 and assets under $250,000 — and is dramatically faster and cheaper, but private foundations may not use it, so the family foundation route is the long form by definition. File within 27 months of formation for exemption to relate back to the formation date.
- State Registration
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Many states require charities to register before they can start fundraising. Check the specific requirements in your state or country to ensure compliance.