Rob Wright at Socialtext asked me yesterday how he could set up a non-profit organization to make donations tax deductible for the $20k he and others are raising for a friend's liver transplant. I found my answer lacking, so:
I got some good responses worth collecting in one place.
|bhell13 @Ross - Not sure it's tax deductible but I know people who have used dropcash.com|
|pierre @Ross check with local community foundation. They should know how to help, or someone who can, receive medical donations.|
|driehle @Ross: Rather than starting a non-profit, I'd seek fiscal sponsorship from an existing non-profit.|
|alexschmidt @Ross try contacting chaya!: permalink|
|chrisdunlap @Ross - try Penninsula Community Foundation or San Francisco Foundation... expertise as "Fiscal Sponsors" for projects & New non-profits|
I'll update this post later with what Rob finds out from this great advice.
UPDATE from Rob:
- Setting up a non-profit org takes about 3 months and $3.000 to $10,000 to set up. Additionally, the money raised can not go to just 1 individual. So that option is out.
- I have found two non-profits, http://www.transplants.org/ and http://www.transplantfund.org/ that for a fee of either 4% or 5% will accept donations on behalf of someone and pay any and all related bills and those donations are tax deductible. They actually cover a wide range of needs and claim to help in the organization of events like a golf fundraiser.
- Our last option is to simply deposit funds into a bank account and track and disperse funds by hand.