Nonprofit organizations are some of the most effective ways to do good. I like to think of nonprofit organizations as businesses that receive a “gold star” for stellar behavior. California 501c3 nonprofits are created just like a corporation, but since their sole existence is to do good, the rules are a tad different than for-profit corporations.
The biggest difference is the financial incentive to give money to a nonprofit because the donor can then turn around and use that amount to reduce their taxable income.
I just got off the phone with a client who wants to start a nonprofit in the Los Angeles/Orange County area. Excellent! She’s been working in her particular industry for a couple of decades and knows the ins, outs, and gaps like the back of her hand. She’s had to accept the gaps, in her current position, because there is no mechanism to address or fix them. So, she’s decided to start a nonprofit organization to laser focus her attention on these specific gaps.
Nonprofits are great at filling gaps.
What she has is the knowledge of her industry, and the will to make a difference. What she doesn’t have is the know-how to get a 501c3 nonprofit up and running. That’s where I can help the most.
It’s been ten years since I started my 501c3 nonprofit organization in Los Angeles, seven years since I wrote my first Starting Your Nonprofit book, and helping others start nonprofit organizations never gets old.
Years ago, I found myself thinking about the good I could do while I’m alive and well on this earth. Like everybody else, I’m limited to 7 days in a week and 24 hours in a day. By default, there’s only so much I can do. But, if I refocused my attention on creating nonprofit resources, so that anybody and everybody could do good, I could multiply the potential good that could be accomplished.
That’s my “why” behind my nonprofit books and resources.
If you see a gap in your sphere of influence, and you want to make a change, 2021 is a great time to start a nonprofit and start doing good.