Benefits of Starting a Nonprofit Organization (Running a Nonprofit Business)
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- Опубликовано: 2 авг 2024
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Benefits of Starting a Nonprofit Organization are many. Running a Nonprofit Business can be greatly rewarding as you help others.
Connect With Our Team To Get Your Nonprofit Started 👇
Email: nonprofits@andersonadvisors.com
How much money can you put into an operating charity, EVEN YOUR OWN?
You can actually write off up to 60% of your adjusted gross income! Find out exactly how much in this video.
Toby Mathis with Anderson Business Advisors sharing my wisdom on on non-profits. This is a topic that's near and dear to my heart.
I have a personal philosophy that basically states that if you're good at making money, you should be very generous and make sure that you're taking care of those who can't.
I get this from something called The Gospel of Wealth that was written by Andrew Carnegie more than a hundred years ago, Where he basically stated that millionaires were the trustees of the poor.
In other words, not that you just give money away but that you do good works with your money and help those that may be not as fortunate as you or maybe they're not as good at making money as you are.
If you are good at making money, one of the best places to put it, is inside of your own non-profit.
Nonprofit foundations or charitable organizations can also be a great legacy tool to make sure that your kids are taken care of because they always have a place to work.
No better example than Milton Hershey, who in 1905 created the Hershey Trust, which established his charitable intent and manages his various charitable activities.
Learn about charitable activities and their different categories.
About: starting a nonprofit ministry, starting a nonprofit in Maryland, starting a nonprofit in ca, starting a nonprofit animal rescue.
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. of the information contained herein without seeking professional legal advice. Хобби
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Iunn
Toby Mathis please send you contact info, please
Mistake
I started a non profit to insure the homeless of California. I had become an health and life insurance agent and felt it was somewhat boring so I decided to turn it into a non profit and go to skid row and sign then all up on medi- cal, food stamps and apply them for rent relief so they can get off the street. It’s the single best thing I have even done.
Unfortunately these days there are many families that cant afford any Health insurance.
@@kevindavis8016 insurance now is free for income guidelines and their are other plans that at 1.00 a month !
That is so cool! ❤️👍🏼 My husband and I are interested in helping the homeless too, we have talked about buying some land and having tiny houses type community. I would like to hear more about how things are going for you, please let me know if we can connect.
This is incredible
Absolutely would love to talk to you….
I can't thank you enough. I have struggled with my intent to become an entrepreneur for years due to what will happen when i die. I have the exact same fears you mentioned that businessman had of what will happen to his values his legacy once he dies and not wanting others to take ownership of my creativity and my mission to help others. Now I feel confident to start my journey. Thank you so so so much! You've truly helped many this idea of protecting your business to stay for its legacy is not found online so this is golden.
We are so happy to read your comment and wish you luck on your journey!
Thank you for this. I am starting my own nonprofit this year and def need the help. Working with transitioning men out of prison and helping youth on the street. Please keep educating us!
Hi we could do this together in Africa
Wir Kom how?!?
@@yallgonlearntoday Lets link up on call or whatsapp +237 677024206 / 699308601
@@wirkom8092 👋 hello.. I have a wonderful collaborative opportunity and wish to connect with individuals who have a passion to help youth and poverty issues. Lets connect. How can we chat more?
@@yallgonlearntoday hi Jeremy.
Let's connect because i wish to find like minded folks for this same initiative i wish to launch as well. Together we are better
As Iron Man said it: "It's not about me. It's not about you. It's not even about us. It's about legacy." Play for long term and provide value.
I don't know if Marvel realizes how big this line is.
Maybe they do?...They have a nonprofit called Hero Acts.
This was so helpful, love this guys passion, energy and clarity. I am considering setting up a non profit for a service I believe is needed in my community and I was so worried about not being able to afford the service for too long and this video just popped up...I guess my spiritual assignment is to get it up and running. Thank you for these videos.
Hi Lucky's MOM, Really glad you came across the video. Even better is that it inspired you into action. We're releasing a new nonprofit series very soon. Subscribe and hit the bell notification so you'll know when new videos are ready.
@@TobyMathis just a followup from a year ago...I did start the non-profit.
I’m currently in high schools and trying to plan out my future and hoping to help others, thank you very much for this information 👍🏽
May all dreams arrive in God's timing. Continue to search and excute your purpose 🙏🏽
I'm in the same place! But don't have a clue which path to take. I want to help people and have a meaningful job but i don't know how is it possible to plan it all out.
@@bibianacapuskova3033 u can plan it all out if you try to organize your ideas based on the things you want, find some examples to follow and write up the growth structure they followed.
HELL YEAH!!! KEEP UP THE GOOD WORK AND FOCUS!!
This is exactly what I was thinking after I start my small business!!
How ironic that I should see this video today!!
Thank U for confirming and explaining so thoroughly!!
Ready to do it!!
Happy to help. Please take advantage of our special offer: SPECIAL Offer From Toby Mathis - Get TWO Tax-Wise Livestream Workshops Valued At $3,000!
👉 HURRY LIMITED TIME OFFER 👉aba.link/TW2020
This information is priceless to me and so many inspired individuals who have dreams of changing lives through non profit company that will make all difference in our urban community
Thank you for the positive feedback. We hope that our tools will benefit many.
Thank you for this information. Love people and use money instead of loving money and using people.
When you mentioned Andrew Carnegie the funny thing was they never taught us about him through the Scottish education as a kid back in the 80s.
Im so glad I clicked on this video.. Thank you
) yes sure thanks.
@@berthakarwitha1006 po
Love all the real examples. Keep those coming, helps with teaching/learning
Wow! I’m glad I scroll down and checked this video out. I started a nonprofit 501c3. This was some great information! 💯👍🏾
May I ask what is your non profit ?
Words of Wisdom. Thanks
So informative, educational and to the point. Thank you
Thank you for caring and sharing good information.
Some of the best advice I've received. Thank you so much!
Thank you and this was very helpful.
God bless you yes absolutely this video was very helpful I’m glad I found you. UK
So much charisma and knowledge. A true mentor
Thank you for sharing this incredible concept. Liked and Subscribed.
I truly appreciate your insight. This was very helpful indeed
Your a blessing brotha !!! Wow - I'm not even close to a millionaire, yet!! but will be here in the next 24 months, but dang man!! this is so genius and great at giving back in a healthy legal way !! thank you sir !!
12?
Thank you for your time and energy in sharing this amazing approach to fundamentally doing the right thing. This is the true definition of legacy. God bless brother.
Thank you so much for this video!
Thank you for sharing this great value in a video!
thank u very much bruhthr 💗 super helpful 💗
Hey Toby, This was an incredibly informative video. Thanks for sharing the info and building this channel. I'm just wondering, is this equally valid info for Canada? Thanks!
This is beautiful. I need help running my nonprofit here in Africa. Will be grateful
This was incredible!!!! Thank you!!
This was definitely helpful. Thank you!
Hey Danielle, thinking of a non Profit too?
one of the best thanks a lot
Excellent video. Thank you.
Outstanding job! Just opened one to help women. Need help pulling it all together.
Really great video. Learned alot . Well spoken and understandable.
Wow! So informative and helpful. Thank you.
Thank you for useful information !
Very clear. Thank you.
I like the real life examples that you gave. this is how you do a youtube video. subbed.
learned something new today and wow. thank you.
Yeah, this was very helpful. Thanks 👌💪💯
This was very informative. Thank you!
Great advice brother. I just had a great idea for my non profit based on your thought process.😁
So smart ty for all the info!
Thank you for your service.
Great presentation! Subscribed :)
Thank you for this
Much gratitude
Thanks for sharing, great share
simple but meaningful
My father started and has been running a non profit all my life and I’ve been wanting to learn how it works and what is means to be a non profit
Thank you sir!
Very helpful! Thank you, sir!
This was helpful and I started a charity sale!
I'd be interested in starting a non-profit for the following reasons:
1) I can derive a decent income from working in that organization. In other words I wouldn't need to be broke running a non-profit.
2) I can target the objective of the organization to benefit others, which would be very meaningful to me and them
3) I could pass on the benefits of a noble endeavor on to my children, grand-children, nieces, nephews, etc.
4) There's no law that says I could not run a separate for-profit company if I wanted to go that route too.
5) I would be doing something I loved!
Great video! Super helpful! Is an “operating” non-profit filed as a 501c3? Is a “foundation” also a 501c3? If a family foundation has to give away 5% to other non-profits can it have its own indicative aka varying community projects? I am researching starting a foundation but in name only. I’d like to be able to ‘hire salaried” employees and complete community projects under my 501c3. (If possible)
Thanks soooo much!
Very informative. Thanks.
Can you do a separate video on "deferred compensation". Much appreciated.
God bless you for your knowledge 🙏
This is a beautiful concept. The way you present it reminds me of the 100 year plan. Leaving a legacy that lasts beyond your lifetime. A true accomplishment.
It's definitely a powerful feeling to think about leaving a lasting legacy.
Thank you so much, Am working for a non profit umbrella (East Africa Philanthropy Network), very nice.
Gloria Lois Glad to know you found the video helpful and happy to know you're making a difference!
Awesome advice👏🏽👏🏽👏🏽👏🏽👏🏽
Thanks a lot !!
Thank you much. I definitely needed this! You’ve sowed your seed with me!
Same here!
Thank you!!!
You can tell Toby is really passionate about this
O my gosh this is everything!!Thanks for this video!
We are glad hat you enjoyed it!
Thank you sir
This totally changes my life
thank you so much, love you ..muaxxxx
Thanks for the great & informative content
Our pleasure!
Thank you Toby ! I want to start an NGO for veterans, including kids, suffering from PTSD in US. I already send you friend request in linkedin
Thank you and that sounds like a noble cause! If your interested, we also offer free strategy sessions and workshops that could help you with this journey.
Thank you, great information. Do you offer consulting services to set something like this up?
We would like to direct you to andersonadvisors.com/ss/
where you can sign up for a free 45-minute consultation.
Thanks for the post. To clarify: what if I own a LLC and a non profit. I make a gross annual income of 10000 for the LLC and I decide to donate 60 percent to my 501C3. Am I interpreting this correct? And if so, the benefit would be keeping you from paying taxes from $10,000 but only $4,000, right?
Dude your awesome, your helping me start my non profit journey
Fantastic to hear you're motivated to take action and find our videos helpful.
How’s It Going ? 👀
thank you!
Very helpful.
Love this 😍☺
Rght to the point and clearly explained!. Thank you for the information, I found it very useful! Subscribed!
Thank you for your feedback. We are happy to have a new subscriber.
Great/ Thank you.
Thank you
THANK YOU, SIR, I'VE BEEN TRYING TO SHARE THIS WITH MY HUSBAND AND SON AND THEY THIKN I'M SPEAKING MARTIAN...GODSPEED, THIE LOVING LAMBS ACADEMY INCORPORATED IS A 501C3...
Very interesting! great vid.
great video
Priceless information...thanks!
👋🏿🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑👍🏿
You are welcome! Happy to help.
Thank you for sharing, extremely life changing
Iam journalist News Agency of Bangladesh
Nice
I'm Inspired bro!
How much of a tax deduction usually? Like what percentage of doing it vs not doing it?
Great Video
Great video. Can you do a video on operating non profit versusa private foundation?
I would be interested in that as well.
So if I want to start a small business with a small number of staff I can use a non profit to pay them and my self to?
Hey, thank you for sharing I have been thinking of an NGO to help young people all over the world. I just need someone to co-found with me.
Hi Andersoon, i would like to start my non governmentale? organisation could you help me with differents steps?
If i want to start a non profit would i need great credit and cash to start?
I’m starting a sober living/ fitness camp. I’m going non profit. I’m going to help many men change their lives.
Thank you!
Your welcome!
Thank you so much for this information yes it was very helpful. Can this idea work anywhere in the world or just in America?XUK
The concept works just about everywhere. If you live in a particular country, you will likely need to create the entity in that jurisdiction if that is where the activity is taking place.
@@TobyMathis for some reason i heard Rolex is owned by a foundation .. And pays no taxes. Someone told me that can obly be done in othet country where they're at not in america. How does rolex have things setup and how can we do this same approach ?
Thx so much for this video. I an thinking of starting a non for profit. For summer camp for under privileged city kids.
That sounds like a wonderful ambition to have, we wish you good luck in your endeavor.
You made my day.. finally have find exactly what I needed unfortunately you're in the USA