and to piggyback in what Sarah wrote....
do not name it "American friends of". it has to be 100% independent.
and therefore, do understand as Sarah said, they can do whatever
they want with the money.
take a worst case scenario like jnf usa and kkl israel. besides sitting on
$500,000,000 cash reserves, and despite they name being "Jewish National
Fund -Keren Kayemeth LeIsrael-, Inc.", very little of their annual
$300,000,000 goes to kkl israel.
and there are, sadly, numerous other examples, but small and big.
be careful!
arnie
On Sun, Jan 23, 2022, 13:14 Sarah Landman <sarah@xxxxxxxxx> wrote:
In my opinion, there is no real reason to NEED to have a 501c3 for an050-515-6776
organization whose operations are all in Israel if the concern is only
about giving your US donors a tax-exempt option. (Of course, if you have
actual operations in the US, that's a different consideration.)
It used to be that funders were wary of third-party fiscal sponsors, which
was a reason to create your own American Friends, but that suspicion has
gone, and organizations like PEF and the Ne'eman Foundation are great
options that are familiar to and trusted by US donors today.
PLUS when you create an American Friends 501c3 you open the door to having
other people control where your organization's money goes. Of course you
can have a great professional relationship with your American Friends, but
it's something I warn organizations who are considering it, as there is
potential for ugliness and difficulty down the road, and considering the
fiscal sponsor option is no longer a bad one -- hasn't been for a very long
time -- you might be safer taking that route.
=============
*Sarah Landman*
CEO and Principal Consultant
050-578-6742 / 917-993-9932
sarah@xxxxxxxxx
=============
On Sun, Jan 23, 2022 at 12:55 PM Kate Hallgren <kate@xxxxxxxxxxxx> wrote:
And how did you set it up? Did you have to do it state by state? Do youarnie draiman
file American taxes every year? How much does that cost?
On Sun, Jan 23, 2022 at 12:49 PM Gidon Ariel <gidon@xxxxxxxxxxxxxxx>
wrote:
We have no employee in the States, just a volunteer who endorses checks
that come in and photographs them and sends them to me, and I deposit them
digitally in our bank. works fine
Thanks and God Bless,
Gidon Ariel gidon@xxxxxxxxxxxxxxx 054-5665037
*Root Source* www.root-source.com <http://root-source.com/>
about.me/gidon
Whatsapp +972-54-5665037
+1-516-321-1846 (rings in Israel)
Zoom Room https://us04web.zoom.us/j/4044027583
<https://us04web.zoom.us/j/4044027583>
Please tell me a bit about yourself;-)
Let's have a get-to-know-you virtual cup of coffee!
Please find a good time for you for a Zoom video meeting with me here:
https://koalendar.com/events/Meet-with-Gidon-Ariel
You might look into https://bit.ly/givebutter for your own US
fundraising.
"Happy are those who have discovered
that the secret of life is to be kind to others"
On Sun, Jan 23, 2022 at 12:47 PM Kate Hallgren <kate@xxxxxxxxxxxx>
wrote:
I thought it also required having an employee in the US take care of
things. You also have to follow requirements for each state you receive
donations from yes?
On Sun, Jan 23, 2022 at 11:24 AM Pamela Deutsch <pamdeu@xxxxxxxxx>
wrote:
and there is a requirement for annual tax filing
Pamela Deutsch
+972-54-2240525 || pamdeu@xxxxxxxxx || www.israelnonprofitnews.com
<https://www.avast.com/sig-email?utm_medium=email&utm_source=link&utm_campaign=sig-email&utm_content=webmail&utm_term=icon>
Virus-free.
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On Sun, Jan 23, 2022 at 11:19 AM arnie draiman <ajdraiman@xxxxxxxxx>
wrote:
it is relatively free. you need to follow the proper procedures for
the state you are registered in and then apply for the irs status. it
does
not have to involve lawyers or accountants, but having a professional
review your work is always a good idea.
arnie
On Sun, Jan 23, 2022 at 11:02 AM FreeLists Mailing List Manager <
ecartis@xxxxxxxxxxxxx> wrote:
frforum Digest Sun, 23 Jan 2022 Volume: 08 Issue: 005
In This Issue:
[Fundraisers Forum] American friends of - 501 C3
----------------------------------------------------------------------
From: Yehudit Dolgin <ydolginster@xxxxxxxxx>
Date: Sun, 23 Jan 2022 11:02:34 +0200
Subject: [Fundraisers Forum] American friends of - 501 C3
Right this cost tens of thousands to set up?
------------------------------
End of frforum Digest V8 #5
***************************
--
arnie draiman
050-515-6776
www.draimanconsulting.com
"One Hour Free Consulting"
RANKED #1 ON GOOGLE: Arnie's Tzedakah Adventures
http://draimanconsulting.com/arnies-tzedakah-adventures/
Are you giving your money away properly? Be careful:
https://www.jpost.com/Israel-News/Charity-Heres-how-you-can-help-from-home-if-you-want-to-625605
--
Kate Hallgren
Director of External Relations
Palestinian Media Watch
Office: +972 2 625 4140 <+972%202-625-4140>
Mobile: +972 50 9874343
Website: http://www.palwatch.org
Follow PMW on Facebook
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--
Kate Hallgren
Director of External Relations
Palestinian Media Watch
Office: +972 2 625 4140 <+972%202-625-4140>
Mobile: +972 50 9874343
Website: http://www.palwatch.org
Follow PMW on Facebook
https://www.facebook.com/PalestinianMediaWatch/
