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Knowledge base

How do I start a nonprofit organization?

Starting a nonprofit organization can be an inspiring way to give back to your community and help those in need. However, it is important to understand all of the steps involved in this process before moving forward. 

Knowledge base

How are nonprofits funded?

Individual donations, corporate contributions, foundation grants and fee for services are some of many sources of income for nonprofits. While opinion varies as to what a nonprofit's "ideal" mix is, using several different sources to achieve sustainability is generally a good practice.

Knowledge base

What is a Foundation?

Broadly speaking, a foundation is a nonprofit corporation or a charitable trust that makes grants to organizations, institutions, or individuals for charitable purposes such as science, education, culture, and religion. There are two foundation types: private foundations and grantmaking public charities.

Knowledge base

Where can I find examples of nonprofit budgets?

Nonprofits have different budgets for different needs. Although most of Candid's budget resources are for proposal budgets, this article provide brief information about other budgeting tools, such as organizational operating budgets and cash flow forecasts.

Topic(s)

Management Finances
Knowledge base

How can I get funding for my personal project?

Personal or independent projects -- for example, traveling overseas for a mission, attending summer camp, raising money for a specific person in need -- typically are not eligible to receive foundation grants. However, if your project is artistic or research-related, or its primary purpose is to serve a larger audience and improve the community, you could consider fiscal sponsorship as a means to qualify for foundation grants.

Knowledge base

What is fiscal sponsorship? How do I find a fiscal sponsor?

Instead of starting your own nonprofit, you can work with an existing 501(c)(3) public charity under a formal arrangement known as fiscal sponsorship. You can ask for grants and tax-deductible donations under your sponsor's exempt status. Fiscal sponsorship can also open a world of grant opportunities to individuals, such as artists.

Knowledge base

Where can I find information on corporate giving? What motivates companies?

When it comes to philanthropy, corporations give in various ways, including cash donations or grants, in-kind gifts, sponsorships, cause-related marketing, and pro bono services. Companies also like to promote workplace giving through employee matching gifts programs and other efforts that encourage their workers to give their time and/or money to charity.