1.
Select Name of Foundation.
2.
Select Initial Board of Directors.
3.
Draft Purpose of Foundation.
4.
Draft By-laws of Foundation.
5.
Draft Articles of Incorporation.
a.
Select Registered Agent.
b.
Select Registered Office.
c.
File with Secretary of State.
d.
File with County Recorder.
6.
Complete and apply for Tax I.D. number.
7.
Adopt resolution regarding bank depositories.
8.
Complete Tax Exempt application (for 501(c)(3) Status).
a.
Types of fundraising activities.
b.
Source of financial support.
c.
Names of officers.
d.
Determine if going to hire professional fundraiser.
e.
Complete Statement of Revenues and Expenses (2 years proposed budget).
f.
Complete Current Balance Sheet.
g.
Submit Application Fee.
h.
File Documents.
9.
Complete State Attorney General Charitable Registration Form.
a.
Include board members social security numbers.
b.
Types of fundraising activities.
10.
Additional Considerations
a.
State Department of Revenue - Sales Tax Exemption
b.
Annual Informational Returns
i.
Attorney General
ii.
Internal Revenue Service