The Nonprofit Management class at Rosemont College has only been around for the past 2 years but its impact is profound!
Each year, the students in this class select a social cause that matters a great deal to them and sets up a start-up nonprofit business model to build awareness and drive fundraising to the nonprofits that they believe are doing the best job advancing their cause.
Please take a look at some of these fantastic causes and the students who are working hard to change the future for the better!
Where does the money I donate go?
A: The class has chosen to launch nonprofits but really, they are simply fundraisers for nonprofits that already exist. Like a car wash or a bake sale, the students are raising money and awareness for causes that matter to them. At the end of the fundraiser, each student will tally their donations and then submit them to the nonprofit they specify on their website.
Can I claim a tax deduction on my contribution?
A: Technically, you are giving a gift when you donate through chuffed.org. All the money you donate will pass through NSF and the student nonprofit to land in a 501(c)(3) nonprofit organization. I would recommend that you check with your tax accountant before you claim a deduction.
Is NSF Foundation or the student organizations nonprofits?
A: No. NSF and its affiliated student-led charities are not businesses or nonprofits. They are class projects and fundraisers run by individuals. NSF and its affiliated student-led charities have not applied for business licenses or permits nor have they applied for the 501(c)(3) status with the IRS. The purpose of this class project is to create a “nonprofit” cheaply and quickly to make a social-good impact while learning about how to fundraise and tackle social problems.
Will the students keep the money?
A: No. Students will donate all proceeds (minus online payment fees from credit card processing) to the nonprofit of their choosing. NSF will act as an overseer to ensure all funds are accounted for and all donors receive a receipt of their donation.
I want to start a nonprofit. How do I start one?
A: Don’t be afraid to do good! We want to encourage you to start raising money and awareness for the cause near and dear to your heart. Start by identifying your mission. Then set up a free website using a blog host like wordpress.com. Don’t spend any money setting up your site. You can always build a bigger and better site later when you have grown. Set up a financial back engine like chuffed.org or donorbox.org. Usually it takes time to apply and receive 501(c)(3) status with the IRS, so start as an individual or as a small organization. Once you make your first appeal and start collecting money, you will want to separate your funds from your personal finances so open a business and set up an EIN. Think of your first fundraising campaign and grab a friend to help you. Don’t hesitate to reach out and let us know what you are doing. Good luck!