How do you start a charity?
Last week my colleagues and I each pitched in some money to play the lottery. we were asking each other whatwe’d do with the money if we won. I said I’d keep a fourth for myself and use the other 3/4s to start 3 charities. Although I didn’t win the lottery I kinda still want to start the 3 charities. One is a scholarship, the other is a research fund, the other is a pediatric charity. The problem is I need 10 million to start each charity. I was going to put the money in a high yield savings account or buy bonds and whatever interest is received will be the money that goes to the cause. that way I can still give even after I’m long dead. Since no one is going to write such a huge check without proof how do you start a charity? I know there’s some registration you have to do to make it tax exemptable. what do I have to do?


Hello!
It is really nice to know that you would like to start a charity!
There are a lot of websites that you should check out for important information.. Here is a list:
1. WIKI HOW TO START A CHARITY:
2. IRS CHARITY EXEMPTIONS:
3. HOW TO START YOUR OWN CHARITY:
HOPE THIS HELPS AND GOOD LUCK!!
My View on this is to use the phone and ring around to other Chair ties. Ask questions,Do surveys on what people want and need.
Good Luck