The nonprofit corporation is a company that exists to provide services for the betterment of the community. Much like other formal business types, those who properly set up their nonprofits are provided liability protection.

A for-profit business is created to generate income for its owners or shareholders. Profits can be distributed to individuals, and the primary goal is financial gain.

A nonprofit organization is created to serve a public or charitable purpose. Any income earned must be reinvested back into the organization to support its mission. Nonprofits can make money and pay employees.

The right structure depends on your goals, mission, and how you plan to operate. We help you understand the differences and choose the structure that best fits your vision.

Exempt from federal income tax

Tax deductible contributions

Qualify for grants

Discounts on many products and services

Recognized status 

Opportunity to do good for the community

Your idea should clearly indicate that your goal is to service the community at large.

Who Qualifies?

Schools,  amateur sports, educational centers, golf clubs, membership organizations, community outreach organizations,  sororities, fraternities, religious entities, school clubs, veteran organizations, banks, animal organizations,  mental health agencies, group homes, special interest clubs,  day care centers, counseling services,  testing for public safety, prevention of cruelty to children or animals; any idea set up for the betterment of the community. 

Once I receive my 501C status, can I apply for grants?"

Yes! Most grantors require that applicants have official 501C status prior to applying for a grant.

Yes! Most grantors require that applicants have official 501C status prior to applying for a grant. Granting Hope helps with understanding the grant writing process through education.