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Knowledge base

What are the advantages/disadvantages of becoming a nonprofit organization?

https://learning.candid.org/resources/knowledge-base/pros-and-cons/

Advantages Tax exemption/deduction: Organizations that qualify as public charities under Internal Revenue Code 501(c)(3) are eligible for federal exemption from payment of corporate income tax. Once exempt from this tax,...

Knowledge base

How do I write a business plan for a nonprofit organization?

https://learning.candid.org/resources/knowledge-base/business-plans/

Like for-profit business ventures, nonprofits can create a business plan to describe how they will turn their mission into reality. The business planning process involves the following steps: Researching the...

Knowledge base

Where can I find information about government grants?

https://learning.candid.org/resources/knowledge-base/government-grants/

Most government grants go to eligible nonprofit organizations, not to individuals. If you are an individual grantseeker, please click here. Generally, U.S. government funders prefer projects that serve as prototypes or...

Knowledge base

What resources are available for setting up a scholarship fund?

https://learning.candid.org/resources/knowledge-base/scholarship-funds/

Scholarship grants change the lives of their grantees by providing access to education, resources, and powerful networks. Some scholarship funds also leverage their programs to impact society in a broader...

Knowledge base

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

https://learning.candid.org/resources/knowledge-base/corporate-giving/

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...

Knowledge base

Can religious or faith-based organizations apply for foundation grants?

https://learning.candid.org/resources/knowledge-base/faith-based/

The simple answer is yes. Foundations prefer to give to applicants with 501(c)(3) exempt status, and places of worship, including churches, mosques and synagogues, and faith-based organizations generally qualify for 501(c)(3)...