What philanthropy activities are sponsored by Apple?

Q&A @Quora

Answer by Philanthropologist In-Chief:

Apple Philanthropy Sows Seeds of Change

On the heels of Tim Cook’s announcement that he’s dedicating his fortune to charity, the timing of this question is excellent. True, Steve Jobs did cut Apple’s corporate philanthropy programs, focusing instead on creating technology that would benefit people, and then passing benefits on to shareholders. Some agree, and others disagree with Jobs’s decision, but that philosophy skyrocketed Apple into becoming the global company and brand we know today. Continue reading What philanthropy activities are sponsored by Apple?

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How can someone setup their own charity?

Q&A @Quora

Answer by Philanthropologist In-Chief:

Charities and nonprofit organizations are tax exempt corporations that reinvest revenue as opposed to dispersing profits to shareholders. To set up a charity, first and foremost, you’ll need to establish a corporation with designated leadership that will hold legal and fiduciary responsibility for the company.

The next step is to register for tax exempt status with the appropriate overseeing body. In the US, that’s the IRS. However, different states, provinces and nations have different regulatory offices and guidelines. Local attorneys and solicitors are excellent resources for guidance and compliance information.

An alternative would be to establish a public or private charitable foundation, or a trust. In this scenario, the charitable activity would be directed toward the public good (for example, hospitals, libraries, or research that benefits everyone); it may also serve as a supporting organization for one or more charitable causes via grants or endowments. Accountants and financial planners, and often financial institutions, are excellent resources for local guidance and requirements.

How can someone setup their own charity?