Develop your Mission and Vision
If planning to start a charity, having inspiration and what you inspire to achieve is essential. It would be best if you had the impact you’ll want to create in your charity. For the mission, there is a need to state the charity’s purpose, intention, and plan to achieve it. It would help if you defined what your charity will do, whom it will be attending, and its services. Any mission should be measurable, achievable, and must have challenging goals.
Name for your charity.
At one time, you will require donations for your organization. To get such support, you will require a name for your charity for people to channel donations to. You can either develop a unique name or use your name for the organization, as the Obama Foundation. Having a name in memory of particular people whom you intend to help will greatly encourage donations.
Differentiate your Charity
There are millions of non-profit organizations worldwide, with the US alone having over 1.5 million charities. All these compete for the same funding to run related causes. To stand out, you have to make your charity unique to receive the support and stay afloat in this competition.
A Plan is Important
Your name, vision, mission, and point of differentiation can be part of your plan. But you will need a strategic plan, maybe a five-year plan where you will include all your strategies and tactics, including fundraising strategies, budgets, and operations.
Register as a 501 (C) (3)
You will need an IRS code to let you operate a non-profit organization that’s tax exempted. Ensure to have a competent lawyer that will carry you on processes and requirements for this code to ensure all government rules are followed to the latter.
Start a Website
A website is an important tool not only for business, even for organizations. It will enable you to announce your inspirations, charity intentions, plan outlines, and much more to the public. You can also seek donations through it.
After finalizing these steps, you can then ask for funding from donors, establish an advisory board, and begin your operations. You have to keep your spending efficient to avoid overspending on administration costs other than carrying out your mission. Lastly, you have to be patient as your charity grows.