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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!
Tuesday, April 20, 2010
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I think for something like this you need to consult with an accountant CPA, or even a lawyer, because there is a lot of regulations that needs to be follow
ReplyDeleteThoughts of a Career Woman"
i like the idea. there's a bank that does that with your debit card purchases...it rounds them up to the next dollar and puts them in a savings account. maybe someone could create a similar credit card...all you purchases are rounded up to the next dollar and the spare change goes to a charity.
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