How to Make Your Nonprofit Vision Happen
How to Make Your Nonprofit Vision Happen
Many high-net-worth individuals come to the realization that they want to do something good and noble with their money. They understand that they are fortunate to be in their particular circumstances and they want to give something back. There are many ways to do this, from donating money to good causes to participating on boards, committees or organizations aimed at making a difference in the world. Another way to give back is to start a nonprofit organization. Non-profit organizations can be a great tool to help a lot of people and they also provide high-net-worth people an opportunity to share their wealth for a good cause.
Helping Those With Cancer
Starting a nonprofit organization is not necessarily an easy task, however. It takes more than just money. There are several important factors to consider and you need a lot of help. I spoke with Sherry Higgs, the Founder of Drivers for Survivors, a non-profit organization that offers free transportation, as well as supportive companionship for ambulatory cancer patients, in the Fremont, Newark and Union City areas of California. Drivers for Survivors provides this service for all medical-related doctor appointments for anyone undergoing cancer diagnosis and treatment that lives within a 60 mile radius from DFS Fremont headquarters. This service allows these patients to focus on their health and treatment.
Passion and Networking
Her organization hits close to home for Sherry because she is a cancer survivor, herself. After overcoming breast cancer she wanted to give back to society by helping others who were going through cancer treatment. So she decided to start a non-profit. I asked her how a person goes from the idea of having a nonprofit to actually starting it up and getting it going? She explained to me what she had to do to get her nonprofit off the ground. “You definitely have to have a passion for your cause because that’s energizing and you need to have a lot of energy. Having that propels you.” Sherry also said that networking is very important because you will need a lot of help from a lot of good people to get your non-profit up and running. Therefore, “networking is hugely important.” She told me: “I was willing to talk to anybody and everybody and gather information.”
Do Your Homework
Sherry also pointed out the importance of doing your research and your homework, so-to-speak. There are many unique things to consider in terms of non-profits, so you have to make sure you educate yourself sufficiently. For example, Sherry mentioned the importance of finding out what the legal ramifications are for the different variables you have to have, such as insurance and workers compensation insurance. You should also have a good attorney. “I was really blessed right out of the gate to get some really good people involved, which was very helpful to me.” She said that the implementation wasn’t easy and it took some time, but that she was fortunate that the turnaround time was quicker than expected. “I really feel lucky because I got to basically hit the ground running.”
We hope you found this article about “How to Make Your Nonprofit Vision Happen” helpful. If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page or our website at www.GROCO.com. Unfortunately, we no longer give advice to other tax professionals gratis.
To receive our free newsletter, contact us here.
Subscribe to our YouTube Channel for more updates.
Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com. GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.
Alan L. Olsen, CPA, Wikipedia Bio
GROCO.com is a proud sponsor of The American Dreams Show.
The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.
Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.
The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.
They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..
American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:
Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…
MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness. It’s mission statement:
In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.
Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.
Which Tax Breaks Will Be Restored for 2014?
It seems like every year at this time the conversations start to creep up in the media regarding which tax breaks will be renewed and which breaks will get the permanent axe. This year is no different as Congress already let more than 50 such tax breaks expire at the end of 2013. Now the…
Helpful Deduction Tips for Collectors
Are you a collector? Have you ever wondered if you could donate the items you collect to a charity auction for tax break purposes? If you are considering this scenario, there are some things you should know. The first thing you need to make sure of is that the charity you are considering is actually…
Ask Yourself These Key Questions When Planning Your Estate
Almost no one can choose when he or she will die, but everyone can choose how his or her assets will be handled when that time comes. It’s really just a matter of having a current and effective estate plan in place before you go. Estate planning is a wide subject with many aspects; and…
Another Senator Says It’s Time to Go After the Wealthy
Another Senator Says It’s Time to Go After the Wealthy We all know that death and taxes are two certainties in life. However it seems that we should probably add the argument that the wealthy should pay more taxes to that list of certainties. According to reports, Senator Bernie Sanders of Vermont recently shared his…