Benefits of Starting a Nonprofit Organization are many. Running a Nonprofit Business can be greatly rewarding as you help others. How much money can you put into an operating charity, EVEN YOUR OWN? You can actually write off up to 60% of your adjusted gross income! Find out exactly how much in this video. Toby Mathis with Anderson Business Advisors sharing my wisdom on on non-profits. This is a topic that's near and dear to my heart. I have a personal philosophy that basically states that if you're good at making money, you should be very generous and make sure that you're taking care of those who can't. I get this from something called The Gospel of Wealth that was written by Andrew Carnegie more than a hundred years ago, Where he basically stated that millionaires were the trustees of the poor. In other words, not that you just give money away but that you do good works with your money and help those that may be not as fortunate as you or maybe they're not as good at making money as you are. If you are good at making money, one of the best places to put it, is inside of your own non-profit. Nonprofit foundations or charitable organizations can also be a great legacy tool to make sure that your kids are taken care of because they always have a place to work. No better example than Milton Hershey, who in 1905 created the Hershey Trust, which established his charitable intent and manages his various charitable activities. Learn about the charitable activities and their different categories. About: starting a nonprofit ministry, starting a nonprofit in Maryland, starting a nonprofit in ca, starting a nonprofit animal rescue. * 🚀FIND OUT HOW TO START AND RUN YOUR OWN NONPROFIT ORGANIZATION OR BUSINESS! 👉https://AndersonAdvisors.com/start-fund-grow 👈 🚀 Ready To Take Your Business To The Next Level & Get A Detailed Risk Assessment To Help Protect Your Personal and Business Assets From Lawsuits? *~ Claim Your FREE 30 min Strategy Session NOW! 👉 http://aba.link/3mr ***** Find about our Tax & Asset Protection Events at 👉 http://aba.link/lz 👉👉SUBSCRIBE Anderson Business Advisors Youtube Channel https://www.youtube.com/c/AndersonBusinessAdvisors 🔊 Be The First To Know, First To Grow LISTEN to Anderson Business Advisors PODCAST 👉 http://AndersonAdvisors.com/podcast VISIT https://AndersonAdvisors.com for solid financial strategies, tips, and articles to help you grow and prosper. 800.706.4741 TMathis@AndersonAdvisors.com https://AndersonAdvisors.com Twitter: @TaxWiseToby Blog: https://TobyMathis.com The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.