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I want to know to form a foundation for on family reunion.

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I have no idea where...
I want to know to form a foundation for on family reunion. I have no idea where to begin.
Submitted: 8 years ago.Category: Business Law
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Answered in 12 minutes by:
5/3/2009
Business Lawyer: J.Hazelbaker, Attorney replied 8 years ago
J.Hazelbaker
J.Hazelbaker, Attorney
Category: Business Law
Satisfied Customers: 4,385
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A foundation is a charitable entity that is organized in a manner similar to starting a business. You form the legal entity on the state level. If you want people to be able to give tax deductable donations, then you can also seek IRS tax exempt status under 501 (C) of the tax code.

Here's a couple sources to give you more information:

http://www.usatoday.com/money/perfi/columnist/waggon/2006-06-29-charity_x.htm

http://www.irs.gov/charities/content/0,,id=96931,00.html

http://www.irs.gov/charities/foundations/article/0,,id=127912,00.html


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J.Hazelbaker
J.Hazelbaker, Attorney
Category: Business Law
Satisfied Customers: 4,385
Experience: Experienced and trained in the area of business law.
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