I would like to create a non-profit fund / fundraising org earmarked towards jumpstarting community centers. I've heard that rather than trying to create a non-profit, it might be best to partner with an existing non-profit with similar interests, and see if they'd "host" the fund I want to create / help with the legal aspects, while allowing me to earmark and oversee the fund. I intend to do regular fundraising, and hope to create a lasting fund that attracts bequests. Does anyone know about the legalities involved here? Any advice as to how I might want to approach such a project?
posted by markkraft
on Apr 9, 2011 -
I have a project I'd like to start that I will never be able to finish. I want to create a fund of money to be used by my local library, the principle of which can never be touched. They will only be able to use a small percentage of the interest. Before they can start doing that, though, I want the fund to remain untouched for 150+ years to allow it to increase in size. The goal is to let this fund grow so large that the library can become autonomous on just the interest. [more inside]
posted by GernBlandston
on Jul 22, 2008 -
I have a friend with a possibly terminal illness. I'm trying to figure out a way to set up a college fund, to which any of her friends/family could contribute, for her two young children. So far I've looked into ESAs (might not work due to the $2k annual limit) and 529s, but I've had trouble finding information specific to this type of situation -- which I have to imagine is not all that uncommon. What options should I be investigating? Should I talk to a financial advisor?
posted by mingshan
on Mar 13, 2008 -