I want to form a charitable foundation that will:
Accept donations so that donations are considered tax deductible charitable contributions.
Give away money to people in need.
Have paid employees.
How do I establish such an organization? Is it as simple as registering a non-profit business?
Thanks.
Well first you must form a business plan. I do not have time to make you an outline but I will point you in the right direction.
You have to obtain what is called a 501 c-3 tax exempt status. To do this you must present to the IRS a whole list of items, one of those being a business plan and your c-3 forms. I’d do a google search for starting a 501 c-3 or charitable organization business plan or some other such configuration. It is a difficult thing to accomplish but certainly not insurmountable. good luck