HELP! Non-profit Foundation?

[smurky]

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musta ang foundation?

[sailor moon]

you dont

Guys!

Need your help!

How to form a non-profit organization / foundation?

Instead paying company's tax we prefer to donate / support unfortunate students.

you dont have to set up a foundation to donate. You can always send give a donation to a BIR accredited foundation or you can tie up with a university and give them the money equivalent to a full year's tuition. But in your agreement you have to specify that in the interviews, you have to be one of the person to decide whether to give the student a scholarship.


BIR is already looking closely at foundation because it seems that possible government revenues are being diverted in there that sometimes even the relatives of the owner are the one being sent to school.. so mura ra gihapon ug nanikas.. kon bright mo...remember Gloria and her advisers are much more intelligent than you are....ehhehehh.. just look at how the BIR regulations are made now..if you are not careful dali kay mo masakpan...ehehhe..

[sailor moon]

i like that idea bro pero our priority karon is our own employees sa before helping others. maybe you can give advice/suggestion sa pagstart ani? it will be greatly appreciated bro

actually, if you are giving education to the children of your employees, you dont need to set up a foundation.. make it their benefits... then deretso ra na deduct ang expenses sa inyo Income statement.

[smurky]

actually, if you are giving education to the children of your employees, you dont need to set up a foundation.. make it their benefits... then deretso ra na deduct ang expenses sa inyo Income statement.

how bout orphanage type?

[Earnest]

actually, if you are giving education to the children of your employees, you dont need to set up a foundation.. make it their benefits... then deretso ra na deduct ang expenses sa inyo Income statement.

ang education is one of the privileges lang sa ila bro. pro nindot ng mahimo gyud og foundation in the long run.

[arnz11277]

@ Earnest: Bro, setting up a cooperative for your employees would be another option.

[Earnest]

@ Earnest: Bro, setting up a cooperative for your employees would be another option.

how does it work bro? what are the advantages and disadvantages ana?

[smurky]

ang education is one of the privileges lang sa ila bro. pro nindot ng mahimo gyud og foundation in the long run.

i agree with partner Earnest... its really good to have a foundation in the long run...
if in the future those people youve help really make it to the top... then ask them to pay it forward ....

[sonza9]

Guys, thanks for the infos. We are still in the planning stage

[Pinkdimensions]

you need 1 million i think.. i once tried this idea.. a year ago....

sa akong previous company.. well the mother company has various foundations already.. we resorted to DTS.. then priority is mga anak sa among employees..then after hiron sila sa company.. nahurot naman ang anak.. nangita mi ug mga out of school youth after..