Summary: Establishing an IRS Tax-Exempt 501(c)3 nonprofit status is imperative to setting up your nonprofit for funding success. Most foundations and federal agencies require this status when awarding grants. Furthermore, this status will help your nonprofit establish credibility as donors will feel confident that you are not a crooked fronted company looking for easy dollars. Don’t get me started! This tax status will also allow private donors and corporations to receive a tax deduction! Therefore, this should be a first step after you have created your board of directors and articulated the needs that your project will fill. Listen to the podcast on iTunes, SoundCloud or Stitcher or watch on YouTube! To share your thoughts: Send Holly an email at holly@grantwritingandfunding.com To help out the show: Leave an honest review on iTunes. Your ratings and reviews really help, and I read all of them! Subscribe on iTunes or on YouTube. Looking for more? Follow us on Instagram @grantwriting_funding
