I want to start an Equine and Canine rescue in my state, but donot have all the funds to purchase the land or the buildings. Can I start doing fundraisers and accepting donations to get this started before we are actually open? Also, any suggestions on getting started from scratch would be most helpful!
Have you applied for, and received, your non-profit status yet? If you have not, then no, you should not start soliciting for funds. You CAN, but you should not, because if you are not a 501(c)(3) non-profit tax-exempt organization, you will have to pay taxes on every cent you recieve.
This anecdotal website may help you: http://www.jemez.org/mitigation/501C.htm
October 31st, 2009 at 12:37 am
Have you applied for, and received, your non-profit status yet? If you have not, then no, you should not start soliciting for funds. You CAN, but you should not, because if you are not a 501(c)(3) non-profit tax-exempt organization, you will have to pay taxes on every cent you recieve.
This anecdotal website may help you: http://www.jemez.org/mitigation/501C.htm
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