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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

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

What is the difference between a private foundation and a public charity?

Candid defines a private foundation as a nongovernmental, nonprofit organization having a principal fund managed by its own trustees or directors. Public charities generally derive their funding or support primarily from the public, receiving grants from individuals, government, and private foundations. Grantseekers should know the difference.

Knowledge base

How long should nonprofit organizations retain business-related records?

According to part VI, section B, question 14 of the IRS Form 990 instructions, " document retention and destruction policy identifies the record retention responsibilities of staff, volunteers, board members, and outsiders for maintaining and documenting the storage and destruction of the organization’s documents and records."

Knowledge base

How do I learn about dissolving my nonprofit?

There are a few steps you will need to take when dissolving or terminating your 501(c)(3) nonprofit organization, starting with a vote from your board of directors to dissolve the organization. Board members may not be aware of how to dissolve and organization, so the planning may take time. Throughout this process, it is beneficial to have the minimum number of board members required by your bylaws remain on your board to aid the dissolution process.

Knowledge base

How do I learn about dissolving a private foundation?

Most foundations are set up to have a perpetual life-span, spending out only the interests from their investments while keeping the initial endowment intact. Other foundations choose to have a limited life-span. Regardless of the reason for the termination, foundations dissolve by "spending down" their assets in compliance with both state and federal law.

Knowledge base

Where can I learn more about making a nonprofit annual report?

The nonprofit annual report, although not a legal requirement, is often a valuable communications tool for nonprofits to get the message out about their activities over the course of the past year or years. It's also a great way to publicly recognize your donors.

Knowledge base

What is an EIN?

An Employer Identification Number, or EIN, is a unique, nine-digit identification number that the IRS assigns to organizations in order to track their tax accounts and annual returns, much like a Social Security Number is used for individuals.

Knowledge base

¿Dónde consigo modelos de presupuestos para organizaciones sin fines de lucro?

Es difícil conseguir ejemplos de presupuestos (tanto de proyectos como institucionales) que se adapten bien al proyecto que llevará a cabo. Por un lado, no existe una obligación de hacer públicos los presupuestos de proyecto u operativos, como es el caso de los estados financieros que se incluyen en los Formularios 990, entonces escasean los ejemplos reales.


Management Finances
Knowledge base

¿Qué es una fundación?

Recurso en español: En Estados Unidos cuando se utiliza el término "foundation" o fundación, se refiere en casi todos los casos a una organización sin fines de lucro incorporada o un fideicomiso cuyo propósito principal es la actividad filantrópica, es decir el de proporcionar apoyo financiero o técnico a otras organizaciones, instituciones, o particulares.