Launching a new non-profit organization is challenging.
It is a common practice that an already existing tax exempt non profit that shares the same ideals can help. For a small fee, the established non-profit “lends” its 501c3 status to the new entity while it either files its own paperwork with the government or simply raises funds.
There are many things to consider before a an agreement can be signed.
- Matching ideals
- Length of agreement
- How money will be collected
- Common goal