Q&A: How Can I Get Non Profit Status
One of our readers wanted to know how to get an event non profit status.
I would like to plan a charity concert to raise funds for scientific research. Though I have a for profit company. How can I get the event nonprofit status to have corporate sponsors? Sponsors will only supports if event is 501 c.
Here are some helpful links where you can find info to help you get non profit status.
Many organizations conduct fundraisers in order to raise funds for the application of the 501(c)(3). For instance, you can start an Online Magazine Fundraiser – it’s quite simple, just email family and friends encouraging to purchase or re-new their favorite magazine subscription at up to 85% off newsstand prices. You keep 40% profit.
Having the 501(c)(3) will go along way and help you a great deal in getting sponsors.
If applying for a 501 (c)(3) is not the way you want to go, then you can try approaching smaller local businesses. It’s just that you might have to approach a lot more smaller business in order to come up with the same amount of money than approaching 2 or 3 bigger companies.
Good Luck 🙂