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Connect With Our Team To Get Your Nonprofit Started 👇 Email: [email protected] In this video, Toby and Karim Hanafy discuss the critical factors to consider when deciding whether to establish a public charity or a private foundation. We’ll discuss the major differences between these two types of organizations and determine how much a nonprofit needs to spend to advance its charitable goals and activities. With Karim’s extensive experience as a former IRS attorney in the tax-exempt and government entities division, you're in expert hands. Would you like to learn more about creating public charities or private foundations? Schedule a free consultation with my team here: https://aba.link/dkm He shares his vast knowledge accumulated over 25 years in the nonprofit sector and his success at Anderson Business Advisors, where he has helped establish over a thousand nonprofits. Check out The Top 10 Types of Nonprofits You Can Set Up 👉 • The Top 10 Types of Nonprofits You Ca... 🔔 Don't forget to subscribe for more insights on real estate investing and business strategies! Show Notes: 0:00 Intro 3:34 The Biggest Difference 7:08 Privacy 10:52 Spending Requirement 11:57 Donations and Grants 18:59 Fundraising 23:45 Prohibited Transactions 29:00 Final Notes --------------------------------------------------------------------------------------------------------- SUBSCRIBE https://aba.link/subscribe ~~~~ FREE TAX & ASSET PROTECTION WORKSHOP Register for an upcoming workshop today if you want to protect your business and personal assets from snoopy lawyers and creditors. Save Your Seat: https://aba.link/yr8 TAX TUESDAY LIVE Join us every other Tax Tuesday, where you can have your tax questions answered live by our experts entirely FREE. Register Now 👉 https://aba.link/aw2 Infinity Investing Join Infinity Investing as a Basic Member and Unlock Your Free Training Today! 👉 https://inf.link/5n2 OTHER ANDERSON ADVISOR EVENTS Learn a rich selection of subjects like tax and asset protection, business, investing, and more. Our attorneys and other skilled experts will help you learn what you need to know in order to better your chances of success in your professional life. https://aba.link/tobyevents ~~~~ FINANCIAL PLANNING & TAX RESOURCES 📚 Order Your Copy of "Infinity Investing: How The Rich Get Richer And How You Can Do The Same" Here: 👉👉 👉 https://aba.link/IIWbook Order Your Copy of ”Tax-Wise Business Ownership" and find greater success by taking advantage of tax laws for your business. Here 👉 https://aba.link/tobyshop Visit Anderson Advisor's website for content, like articles, podcasts, and more that we publish alongside my channel. 👉 https://aba.link/tobyaba ~~~~ FOLLOW US: Instagram: https://aba.link/instagram Facebook: https://aba.link/facebook Twitter: https://aba.link/twitter LinkedIn: https://aba.link/linkedin TikTok: / tobymathisesq ~~~~ CONTACT US Phone: 800.706.4741 Email: [email protected] Fax: 702.664.0545 ABOUT TOBY MATHIS Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba --------------------------------------------------------------------------------------------------------- WARNING: I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name, and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture. 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. #charity #nonprofit #privatefoundation