Hi,
Anyone has had experience setting up a foundation or non-profit? I have been doing some consulting work, but that along with the research-aspect of my academic position has lead to some opportunities to do non-profit/charity work that in turn indirectly feeds back to expand/continue my research (as often happens with these virtuous, self-reinforcing cycles). I now have been thinking and in addition/instead of my sole-proprietor consulting LLC, I should also start either a non-profit 501c3 or another form of a foundation. I want these to fund my own research and to cover healthcare costs for the needy/uninsured and ultimately maybe even build in some college scholarship fund under the umbrella. I want to be able to donate money to this myself and have others do so too... I don't know, maybe the Clinton foundation 'inspired' me to think of this as an option.
Has anyone done something similar in the past What is the most efficient mechanism and legal jurisdiction (presumably US state or territory) to do so?
Anyone has had experience setting up a foundation or non-profit? I have been doing some consulting work, but that along with the research-aspect of my academic position has lead to some opportunities to do non-profit/charity work that in turn indirectly feeds back to expand/continue my research (as often happens with these virtuous, self-reinforcing cycles). I now have been thinking and in addition/instead of my sole-proprietor consulting LLC, I should also start either a non-profit 501c3 or another form of a foundation. I want these to fund my own research and to cover healthcare costs for the needy/uninsured and ultimately maybe even build in some college scholarship fund under the umbrella. I want to be able to donate money to this myself and have others do so too... I don't know, maybe the Clinton foundation 'inspired' me to think of this as an option.
Has anyone done something similar in the past What is the most efficient mechanism and legal jurisdiction (presumably US state or territory) to do so?
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