Benefits of Starting a Nonprofit Organization – Running a Nonprofit Business

Benefits of Starting a Nonprofit Organization are many. Running a Nonprofit Business can be greatly rewarding as you help others.
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How much money can you put into an operating charity, EVEN YOUR OWN?

You can actually write off up to 60% of your adjusted gross income! Find out exactly how much in this video.

Toby Mathis with Anderson Business Advisors sharing my wisdom on on non-profits. This is a topic that’s near and dear to my heart.

I have a personal philosophy that basically states that if you’re good at making money, you should be very generous and make sure that you’re taking care of those who can’t.

I get this from something called The Gospel of Wealth that was written by Andrew Carnegie more than a hundred years ago, Where he basically stated that millionaires were the trustees of the poor.

In other words, not that you just give money away but that you do good works with your money and help those that may be not as fortunate as you or maybe they’re not as good at making money as you are.

If you are good at making money, one of the best places to put it, is inside of your own non-profit.

Nonprofit foundations or charitable organizations can also be a great legacy tool to make sure that your kids are taken care of because they always have a place to work.

No better example than Milton Hershey, who in 1905 created the Hershey Trust, which established his charitable intent and manages his various charitable activities.

Learn about the charitable activities and their different categories.

About: starting a nonprofit ministry, starting a nonprofit in Maryland, starting a nonprofit in ca, starting a nonprofit animal rescue.

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

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19 comments

  1. I need help so much.I’ve been worried for five years.Not allowed to work here.Because I have taken political asylum

  2. I am from Iraq, I have not seen 100 dollars all my life, and I am young now. Is there anyone to help me?

  3. Carnegie was a complete liar. The true gospel is the Bible, and wealth is not the key to happiness.

  4. Thanks for the post. To clarify: what if I own a LLC and a non profit. I make a gross annual income of 10000 for the LLC and I decide to donate 60 percent to my 501C3. Am I interpreting this correct? And if so, the benefit would be keeping you from paying taxes from $10,000 but only $4,000, right?

  5. Hey Toby, This was an incredibly informative video. Thanks for sharing the info and building this channel. I’m just wondering, is this equally valid info for Canada? Thanks!

  6. Your a blessing brotha !!! Wow – I’m not even close to a millionaire, yet!! but will be here in the next 24 months, but dang man!! this is so genius and great at giving back in a healthy legal way !! thank you sir !!

  7. I’m open to collaborate with who ever that want to start this journey to start some legacy.
    We can start the ideation process by discussing key thematic areas to focus on.

  8. Great video! Super helpful! Is an “operating” non-profit filed as a 501c3? Is a “foundation” also a 501c3? If a family foundation has to give away 5% to other non-profits can it have its own indicative aka varying community projects? I am researching starting a foundation but in name only. I’d like to be able to ‘hire salaried” employees and complete community projects under my 501c3. (If possible)