Attorney Dennis Beaver has practiced law for many years in Bakersfield, California. Read more about Dennis and his background here. Dennis is a syndicated newspaper columnist and writes a weekly column entitled “You and the Law”. There have been numerous requests over the years to make these articles available and we are happy to offer them here. They are also indexed for your convenience.
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June 21, 2019 • By Dennis Beaver
For some business owners, “The American Dream” is more than the freedom to achieve prosperity. To these entrepreneurs, it is the ability to have a real impact on individuals in meaningful ways. Often, they accomplish these goals by starting some kind of 501(c)(3) non-profit, tax-exempt charitable organization.
That’s what “Karl” wants to do:
“I am a Swedish-American from the small ‘Swedish’ town of Kingsburg, California. I am now living in a large, Midwestern city, where I met and married my lovely wife who is from the south of France.
“We want to create an educational foundation offering travel/study scholarships for high school students with Swedish ancestry who are taking French classes. They would travel to Sweden over the summer, spending a month, then, on to France, studying at a language immersion school and living with families.
“French high school students would be invited to the U.S. over the Christmas holidays where they would stay in American homes, and, of course, speak only English.
“We would finance this and ask for contributions from groups or schools in France and Sweden.
“Our accountant says that all we need to do to get started is to create a non-profit corporation and can solicit tax-deductible donations immediately. What is involved in setting up a foundation? Do you feel our idea is feasible?”…click here to read more