How can I get funding if I don’t have 501(c)(3) status?

My answer to How can I get funding if I don’t have 501(c)(3) status?

Answer by Raad Ahmed:

Joe offers a lot of valuable advice in his response. I would say that it’s incredibly important for you to gain the appropriate status not only for the success of your non-profit, but the tax deductions available to your donors. While you are off to a great start with raising money—you will likely hit a roadblock with donors if you don’t register sooner rather than later. As a 501 you qualify for tax exempt status on the federal level—that’s pretty substantial. Plus, as you’ve indicated, grants will be harder to obtain without the appropriate status.

It’s unclear in your explanation about why you have yet to obtain the 501 status, but if you are like many new non-profits, the process may seem overwhelming. A non-profit attorney can help streamline the process.

LawTrades can help you find a qualified non-profit to help you through the steps of obtaining the appropriate status. Plus, they can offer guidance about other areas you may have questions about. We understand the importance of affordable pricing and flexible communication—so check out our site to learn more about what we do and to get in touch for an initial consultation.

How can I get funding if I don’t have 501(c)(3) status?

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[523.251,659.255,783.991]
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