Starting your own charity foundation is easier than it sounds. Anyone can launch their own charity. It is important to do some research in advance to know what you are getting into and to properly set up your non-profit organization.
You need to start by developing your vision. You might already know which cause you want to support, but you need to have a detailed idea of how you will reach your goals. You need to have some specific projects in mind in order to get started.
You need to create a detailed plan for your charity foundation. Your plan should include what you will do, how you will accomplish your mission, how you will raise money for your foundation and how you will be organized. Get some help from someone who has more experience with charity foundations.
Register your foundation as a 501(c)(3). You need to fill out a registration form and you will obtain a tax-exemption number from the IRS. You should also check state laws to see if you need to register with your state. Your charity foundation officially exists once you complete this step!
Start promoting your organization. Launching a website and a Facebook page is a great place to start but you should also use your own network and local events to find volunteers. You might want to get started on raising money for your organization or make plans to complete projects.
Technically, you only need to register your foundation at a 501(c)(3) for your charity foundation to officially exist. However, there is a lot of planning that goes into launching a successful non profit organization. You should talk to people who have experiencing with managing charities and with fundraising to find out more and should consider working with a lawyer to properly register your organization.