Why You Need to Build a Non-Profit to Give Back to the Community

Let’s go through why you can make more of a difference as a nonprofit or foundation.

There are times in your life when you feel the urge to give back to the world in some way. We, lucky in many ways, decide that the time has come to share with the community and drive the success of others instead of working only for ourselves for a change. Along the same vein, perhaps there is an issue you’d like to address. Some societal problem or injustice that you believe in your heart must be rectified or, at the very least, addressed openly.

In order to make these come to fruition, you’ll need more than your own outstanding abilities. Chances are, the best way to address the issues you wish to address or make a positive impact on the community is by forming a nonprofit organization or legacy. Doing so will provide you several advantages that will make your goals a little easier to achieve.

Luckily. in this article, we’ll go over some of the known benefits of having a nonprofit organization, how it can be a positive for the community, and why a consultant is needed to effectively set a successful legacy up:

Benefits of Forming a Nonprofit 501(c)3 Organization

Several benefits come with the establishment of a 501(c)3 organization is something many philanthropists turn. It provides them with certain privileges that individuals or corporations do not have which goes directly into helping them create positive social impact. The benefits include but are not limited to:

Being a Distinct Entity in and of itself

A foundation or nonprofit possesses its own separate and perpetual existence. It is a legal entity that can enter into contracts, sue and be sued, and is seen as a credible establishment. Whereas individuals must enter in obligations and contracts using their own personal name, done through a legal entity like a nonprofit 501(c)3 organization gives you much more security.

Limited Liability Protection

The members of a nonprofit organization are not personally liable for any debt or liabilities incurred by the organization. They are thus statutorily protected from certain obligations and liabilities unlike those operating as individuals or informal organizations.

Tax-exempt Status

The main benefit of being a 501(c)3 organization is the tax exemption provided under section 501(c)(3) of Title 26 of the United States Code. Being any one of the 29 types of nonprofit organizations listen to this part of the code makes your organization eligible for federal income tax exemption.

Due to the beneficial work that your organization does for the community, you are essentially performing some of the tasks done by the government. Therefore, prompting the government to make it easier on you by giving you and your 501(c)3 organization an exemption from tax.

Why it’s Important to Give back to the Community Through a Foundation

Several studies are pointing to how charity work can improve your life as well as the lives of those you help. Oftentimes, the benefits of charity and nonprofits are related to how they improve the quality of life of the less fortunate. It says that they are essential expressions of our humanitarianism and want to work for the common good. Noble endeavors that are efficiently managed by those looking to make a difference.

All that is true but there are other, more personal benefits that one can extract from having a nonprofit. A foundation that allows you to work for the common good can give your life a sense of purpose and enjoyment. It also brings you into contact with people from all walks of life. This enriches your set of experiences and gives you and all those that are a part of your organization a feeling of accomplishment at trying to make the world a better place.

Why Consultancy is Necessary

Though having a nonprofit is ideal, creating a successful one is easier said than done. Knowing what goals are achievable, how to track your own progress, and how to raise funds for your chosen cause aren’t exactly things that are taught to you during college. In times like this, a good business move is to acknowledge that you’re gonna need help.

This is where a consultant comes in. Having a consultant will mean having help every step of the way. A consultant can also perform certain specialized tasks, organize fundraising, and go all the way to ensuring the overall health of the organization.

Some of the jobs that a consultant will perform for you in building your nonprofit include:

• the setting of goals;
• searching for possible donors;
• helping in the planning of campaigns;
• and managing the internal dynamics of the organization.

They can also provide continued services in the form of program development, program management, and community management. The latter is highly important in this day and age where social media marketing reigns supreme. Any startup, nonprofit or otherwise, needs to be able to engage in social media platforms to garner any semblance of success.

Even established corporations and foundations need the help of consultants even if it’s just to manage their online presence. Doing so means staying ahead of the times and keeping up with the people’s demands.

Conclusion

There are probably more things about nonprofits to discuss but for now, the things touched upon so far should give you a good idea of why philanthropists and people who wish to make a difference start nonprofits. It is the best organizational model for those looking to fight for a good cause or make a positive social impact on the community. Moreover, creating and managing one with the aid of the right consultant increases the chances of success exponentially. Knowing that you’re gonna need all the help you can get to achieve the goals you set out for the foundation will lead you to make mature and measured decisions. A consultant from the right agency can ensure all that needs to be done according to your preferences will be done.