Thursday, April 29, 2010

Spare Change Charities part Deux

Alright friends, I am not giving up on this idea, just putting it on hold while I sort some things out with it. But a lot more goes into it than I hoped. I need to do several things.

1 - find two other directors to start this thing up with me
2 - write articles of incorporation
3 - hold an organizational meeting
4 - create by laws
5 - file with the state
6 - apply for tax exempt status
7 - figure out the money part
8 - start a records book
9 - open an account with a bank
10 - open an account with paypal

I think I will get started on the Articles of Incorporation after I'm complete the resource of whether a charity that raise money for other charities will meet all of the federal and state rules.

Tuesday, April 20, 2010

Spare Change Charities

So oftentimes in my life, I feel like I am not doing enough good. And I really would like to set up something called Spare Change Charities... but my legal skills are not good enough to know how to go about setting up a not-for-profit. Basically all I want is a paypal account, where people can send spare change, and then I can cut a month check from that account to the specified Charity.

Basically, I was thinking that it would work with people just donating their spare change at the end of each day/week/month/year ... whatever they wanted to commit to. And each month we would pick a different charity to which the grand total would go to.

Say your bank account has $1000.46 cents in it at the end of the day. You could donate your spare change each day, or at the end of each week, each month what have you.

But I'm thinking if I wanted to try this, I could dig myself a big whole if I went about it wrong. And I really don't want the IRS chasing me down for crimes committed on good intentions ... so if anyone has any suggestions as to how to go about this endeavour, that would be AWESOME!
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