Should you start a nonprofit vs a foundation?

Should you start a nonprofit vs a foundation? Starting a social impact business can be tough but one of the most important decisions is determining how you will identify in the tax code. Find out which direction is right for you in today's video.

#nonprofit #socialimpact #Leadership
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***Who is Ashlee Tate?***

Ashlee Tate is a Strategic Communications Consultant and self-proclaimed serial entrepreneur. Combining her skills in the areas of branding, event planning, public relations, social media, and strategic planning, Ashlee helps clients design a life and business they love ON purpose.

Ashlee holds a Bachelor's Degree in Healthcare Administration from California State University, Sacramento, and a Master’s degree in Organizational Communications and Leadership from Gonzaga University.

Her online business, The Socialife Diaries, provides group coaching to budding entrepreneurs and nonprofit founders. In addition, she provides face-to-face business consulting to her local community with the Shasta Cascade Business Development Center.

Since 2015, Ashlee has been the founder and executive director of LaunchPad 4 Kids, Inc., a nonprofit designed to provide children from underserved environments the opportunity to participate in extracurricular activities through crowdfunding.

As a veteran of the United States Army, Ashlee Tate is no stranger to teamwork, commitment and community service. Over the past 11 years, during her time in Redding, CA, Ashlee has served her community by participating in various nonprofit organizations and boards including The Chamber of Commerce, United Way, and The Girl Scouts of Northern California. To highlight the community she loves, Ashlee created and co-hosted a local television show on the Public Broadcast Station KIXE Channel 9 in Redding, CA. The Forum ran for five years featuring ‘interesting people doing interesting things in the Northstate’.

Ashlee believes in the power of connection and purpose in everything she does. In between spending time with her husband and two children, Ashlee enjoys entertaining, traveling the world, or just reading a good book. You can see more behind the scenes and inspo on Instagram @thesocialifediaries
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***Watch These Videos Next***

[JLW]

1:21
2:05
3:35
3:30 Nonprofit
4:42 Charity’s
5:36 Private Operating Foundation

[crisanister]

If one is not comfortable putting assets in a charity where the board controls them, they could make a foundation to own the building, land, whatever and a separate charity to operate it.

[truthseeker]

You are such a great teacher. Thanks Ashlee!

[jefferydollison]

"Ashlee" Thank you!!!...When you add those extra bits of information, and you hit upon something I've read but didn't quite understand, and you quantify that subject...Your Extra's are the Jewels of Knowledge!!!

[mztee]

Thank you Ashlee for the answer to a question that was holding me back from moving forward!! Blessings!!

[bendatraore]

omG you are a Godsend! thank you for all you are doing

[qriana]

The place to be for entrepreneurs with a purpose… subscribed! 🤣❤️ Beautiful

[adriennegresham]

Thank you so much! Yes, this video was very helpful ❤️

[donovanworking]

I have a 16 year old son that has a severe intellectual disability. He's non verbal and needs quite a bit of daily care including bathing, feeding, changing poops, etc.... When I die, he'll be in the care of the State. The state pays minimum wage to people who would care for my son after I'm gone. I want to start a non profit or foundation for parents like me that are absolutely terrified of what will happen to our children when we're gone because we're not rich. I teach 5th grade so I make nothing. I wrote both the governor's office and my state senator and have gotten no response. Please help me! Donovan

[bodejoseph]

Hi, thank you for your help? Please can I more information about the training about foundation and nonprofit

[bettybona]

Hi Ashley, My daughter is suffering from blood disorder. I want to raise funds help her plus the others. I need your advice on starting up a non-profit organization for this special needs. Thank you

[magicalpatterns]

Is a private non profit also tax exempt? I’m debating on what type should I open. Thank you 🙏🏼

[TheresTyrannyAfoot]

So what's my best course of action if I want to donate from a business I own to a foundation I run...my goal is to run my business and donate to my charitable organization instead of handing it over as taxes so the government can misappropriate it....so when I take the winter off I can fund humanitarian endeavors myself...I feel like I'd be able to help more people then my government will tbh...plus all employees would also be donating to it and help....

[tnieshajones]

Hi, Ashley-great content! I originally had in mind to start a foundation that would provide resources to the community and scholarships for a few specialized certifications. I'm not wealthy nor am I a business owner. What would be the best way to do that?

[ak]

So for now I want to feed the homeless once a month or every other week. Of purse as time goes on I’ll do more. But what’s the best non profit approach here ?

Also I’m doing this because I pay way too much for taxes. So I’m looking to those benefits as well.

Thank you

[bigmamasie]

Thank you. What is the name of the art piece behind you?

[rokhiyangom]

If you were to start a private « foundation » can you accept funds from organizations that you are partnered with?

[Chickle]

How much money is needed to start a foundation

[SuperRhanisha]

Hi, thank you for your video. Whole Foods has their Whole cities Foundation that they fund the operation of but also receives donations from individuals, corporate, public, and private sources. What type of foundation is this considered?

[scrumptiousjdp]

The irs has distinct definition for "foundation."