I started a non profit to insure the homeless of California. I had become an health and life insurance agent and felt it was somewhat boring so I decided to turn it into a non profit and go to skid row and sign then all up on medi- cal, food stamps and apply them for rent relief so they can get off the street. It’s the single best thing I have even done.
That is so cool! ❤️👍🏼 My husband and I are interested in helping the homeless too, we have talked about buying some land and having tiny houses type community. I would like to hear more about how things are going for you, please let me know if we can connect.
I can't thank you enough. I have struggled with my intent to become an entrepreneur for years due to what will happen when i die. I have the exact same fears you mentioned that businessman had of what will happen to his values his legacy once he dies and not wanting others to take ownership of my creativity and my mission to help others. Now I feel confident to start my journey. Thank you so so so much! You've truly helped many this idea of protecting your business to stay for its legacy is not found online so this is golden.
Thank you for this. I am starting my own nonprofit this year and def need the help. Working with transitioning men out of prison and helping youth on the street. Please keep educating us!
@@wirkom8092 👋 hello.. I have a wonderful collaborative opportunity and wish to connect with individuals who have a passion to help youth and poverty issues. Lets connect. How can we chat more?
@@yallgonlearntoday hi Jeremy. Let's connect because i wish to find like minded folks for this same initiative i wish to launch as well. Together we are better
This is exactly what I was thinking after I start my small business!! How ironic that I should see this video today!! Thank U for confirming and explaining so thoroughly!! Ready to do it!!
Happy to help. Please take advantage of our special offer: SPECIAL Offer From Toby Mathis - Get TWO Tax-Wise Livestream Workshops Valued At $3,000! 👉 HURRY LIMITED TIME OFFER 👉aba.link/TW2020
This was so helpful, love this guys passion, energy and clarity. I am considering setting up a non profit for a service I believe is needed in my community and I was so worried about not being able to afford the service for too long and this video just popped up...I guess my spiritual assignment is to get it up and running. Thank you for these videos.
Hi Lucky's MOM, Really glad you came across the video. Even better is that it inspired you into action. We're releasing a new nonprofit series very soon. Subscribe and hit the bell notification so you'll know when new videos are ready.
This information is priceless to me and so many inspired individuals who have dreams of changing lives through non profit company that will make all difference in our urban community
I'm in the same place! But don't have a clue which path to take. I want to help people and have a meaningful job but i don't know how is it possible to plan it all out.
@@bibianacapuskova3033 u can plan it all out if you try to organize your ideas based on the things you want, find some examples to follow and write up the growth structure they followed.
Your a blessing brotha !!! Wow - I'm not even close to a millionaire, yet!! but will be here in the next 24 months, but dang man!! this is so genius and great at giving back in a healthy legal way !! thank you sir !!
This is a beautiful concept. The way you present it reminds me of the 100 year plan. Leaving a legacy that lasts beyond your lifetime. A true accomplishment.
Thank you for your time and energy in sharing this amazing approach to fundamentally doing the right thing. This is the true definition of legacy. God bless brother.
As Iron Man said it: "It's not about me. It's not about you. It's not even about us. It's about legacy." Play for long term and provide value. I don't know if Marvel realizes how big this line is.
I'd be interested in starting a non-profit for the following reasons: 1) I can derive a decent income from working in that organization. In other words I wouldn't need to be broke running a non-profit. 2) I can target the objective of the organization to benefit others, which would be very meaningful to me and them 3) I could pass on the benefits of a noble endeavor on to my children, grand-children, nieces, nephews, etc. 4) There's no law that says I could not run a separate for-profit company if I wanted to go that route too. 5) I would be doing something I loved!
Thank you and that sounds like a noble cause! If your interested, we also offer free strategy sessions and workshops that could help you with this journey.
I was nonchalantly listening to my subscribed channels earlier today when the supreme being led me to this one... How do I set up a consultation with you sir? I have learned so much this afternoon my head is swimming...
Hi LC. Here is the link to schedule a free strategy session, bit.ly/3JbMhRP. Or you may call to speak with an advisor at our toll-free line, 800-706-4741.
It would be great if you can give an example of a passive way of doing this. Maybe also a simple example anyone can do. Basically is there a way to get started without having to donate a massive amount of capital and time to it? Is there a requirement on the % of funds that a non-profit must use each year? What's the max a person can get paid for managing the non-profit? I just stumbled upon your videos and I'm finding them very insightful. Thank you for the content.
Hey Toby, This was an incredibly informative video. Thanks for sharing the info and building this channel. I'm just wondering, is this equally valid info for Canada? Thanks!
@0:55 ''It's a great legacy tool to make sure that your kids are taken care of because they'll always have a place to work...'' This mentality of living off of the charitable donations of others meant to help those in need, not meant to pay the salaries of NPO CEO's and their kids. THIS IS THE PROBLEM WITH ''NONPROFITS'' TODAY!! Abuses of donated funds, especially in the relative chaos of disasters is a cancer on the planet. #DemandTransparency #TransparencyInGiving
THEY WORK AT THE CHARITY for a salary. You know alot of people who working at charities??... its a business with its objective to give , business by itself is all about profits
Thanks for the post. To clarify: what if I own a LLC and a non profit. I make a gross annual income of 10000 for the LLC and I decide to donate 60 percent to my 501C3. Am I interpreting this correct? And if so, the benefit would be keeping you from paying taxes from $10,000 but only $4,000, right?
Just to clarify. We want to start a 501c3 to provide transitional housing to foster kids aging out of foster care in LA County in California. We are leveraging some money to get the "model" built and then will use that equity to build more units. Still, there will be a mortgage from HUD or USDA while we get grants (or loan conversion to grant) to pay them down or to build more. Should we A: pass the whole assets to the 501c3 and have them pay off the loans or B: hold the assets and allow the 501c3 to manage the rentals/properties and just take a FMV writedown on the leases as an ongoing tax writeoff? We do not make enough to simply pay off the loans even over 30 years without that supplemental income.
THANK YOU, SIR, I'VE BEEN TRYING TO SHARE THIS WITH MY HUSBAND AND SON AND THEY THIKN I'M SPEAKING MARTIAN...GODSPEED, THIE LOVING LAMBS ACADEMY INCORPORATED IS A 501C3...
We are looking for like minded non profit organisations as have started a learning center for the youth where they discover their God given talents and be self sufficient using their talents.
If you're good at making money, first take care of your employees. They are the ones that actually make your money. Solution to a ton of issues lies right there.
The concept works just about everywhere. If you live in a particular country, you will likely need to create the entity in that jurisdiction if that is where the activity is taking place.
@@TobyMathis for some reason i heard Rolex is owned by a foundation .. And pays no taxes. Someone told me that can obly be done in othet country where they're at not in america. How does rolex have things setup and how can we do this same approach ?
Want answers to your questions about this video? Schedule a complimentary consultation with our experts today! aba.link/fd0ad7
Iunn
Toby Mathis please send you contact info, please
Mistake
I started a non profit to insure the homeless of California. I had become an health and life insurance agent and felt it was somewhat boring so I decided to turn it into a non profit and go to skid row and sign then all up on medi- cal, food stamps and apply them for rent relief so they can get off the street. It’s the single best thing I have even done.
Unfortunately these days there are many families that cant afford any Health insurance.
@@kevindavis8016 insurance now is free for income guidelines and their are other plans that at 1.00 a month !
That is so cool! ❤️👍🏼 My husband and I are interested in helping the homeless too, we have talked about buying some land and having tiny houses type community. I would like to hear more about how things are going for you, please let me know if we can connect.
Absolutely would love to talk to you….
💯
I can't thank you enough. I have struggled with my intent to become an entrepreneur for years due to what will happen when i die. I have the exact same fears you mentioned that businessman had of what will happen to his values his legacy once he dies and not wanting others to take ownership of my creativity and my mission to help others. Now I feel confident to start my journey. Thank you so so so much! You've truly helped many this idea of protecting your business to stay for its legacy is not found online so this is golden.
We are so happy to read your comment and wish you luck on your journey!
Thank you for this. I am starting my own nonprofit this year and def need the help. Working with transitioning men out of prison and helping youth on the street. Please keep educating us!
Hi we could do this together in Africa
Wir Kom how?!?
@@yallgonlearntoday Lets link up on call or whatsapp +237 677024206 / 699308601
@@wirkom8092 👋 hello.. I have a wonderful collaborative opportunity and wish to connect with individuals who have a passion to help youth and poverty issues. Lets connect. How can we chat more?
@@yallgonlearntoday hi Jeremy.
Let's connect because i wish to find like minded folks for this same initiative i wish to launch as well. Together we are better
This is exactly what I was thinking after I start my small business!!
How ironic that I should see this video today!!
Thank U for confirming and explaining so thoroughly!!
Ready to do it!!
Happy to help. Please take advantage of our special offer: SPECIAL Offer From Toby Mathis - Get TWO Tax-Wise Livestream Workshops Valued At $3,000!
👉 HURRY LIMITED TIME OFFER 👉aba.link/TW2020
This was so helpful, love this guys passion, energy and clarity. I am considering setting up a non profit for a service I believe is needed in my community and I was so worried about not being able to afford the service for too long and this video just popped up...I guess my spiritual assignment is to get it up and running. Thank you for these videos.
Hi Lucky's MOM, Really glad you came across the video. Even better is that it inspired you into action. We're releasing a new nonprofit series very soon. Subscribe and hit the bell notification so you'll know when new videos are ready.
@@TobyMathis just a followup from a year ago...I did start the non-profit.
This information is priceless to me and so many inspired individuals who have dreams of changing lives through non profit company that will make all difference in our urban community
Thank you for the positive feedback. We hope that our tools will benefit many.
Thank you for this information. Love people and use money instead of loving money and using people.
I’m currently in high schools and trying to plan out my future and hoping to help others, thank you very much for this information 👍🏽
May all dreams arrive in God's timing. Continue to search and excute your purpose 🙏🏽
I'm in the same place! But don't have a clue which path to take. I want to help people and have a meaningful job but i don't know how is it possible to plan it all out.
@@bibianacapuskova3033 u can plan it all out if you try to organize your ideas based on the things you want, find some examples to follow and write up the growth structure they followed.
HELL YEAH!!! KEEP UP THE GOOD WORK AND FOCUS!!
Im so glad I clicked on this video.. Thank you
) yes sure thanks.
@@berthakarwitha1006 po
Wow! I’m glad I scroll down and checked this video out. I started a nonprofit 501c3. This was some great information! 💯👍🏾
May I ask what is your non profit ?
So much charisma and knowledge. A true mentor
Your a blessing brotha !!! Wow - I'm not even close to a millionaire, yet!! but will be here in the next 24 months, but dang man!! this is so genius and great at giving back in a healthy legal way !! thank you sir !!
12?
This is beautiful. I need help running my nonprofit here in Africa. Will be grateful
This is a beautiful concept. The way you present it reminds me of the 100 year plan. Leaving a legacy that lasts beyond your lifetime. A true accomplishment.
It's definitely a powerful feeling to think about leaving a lasting legacy.
Thank you for your time and energy in sharing this amazing approach to fundamentally doing the right thing. This is the true definition of legacy. God bless brother.
Words of Wisdom. Thanks
When you mentioned Andrew Carnegie the funny thing was they never taught us about him through the Scottish education as a kid back in the 80s.
You can tell Toby is really passionate about this
Love all the real examples. Keep those coming, helps with teaching/learning
Very informative. Thanks.
Can you do a separate video on "deferred compensation". Much appreciated.
As Iron Man said it: "It's not about me. It's not about you. It's not even about us. It's about legacy." Play for long term and provide value.
I don't know if Marvel realizes how big this line is.
Maybe they do?...They have a nonprofit called Hero Acts.
Dude your awesome, your helping me start my non profit journey
Fantastic to hear you're motivated to take action and find our videos helpful.
How’s It Going ? 👀
This was definitely helpful. Thank you!
Hey Danielle, thinking of a non Profit too?
God bless you for your knowledge 🙏
So informative, educational and to the point. Thank you
Thank you for caring and sharing good information.
My father started and has been running a non profit all my life and I’ve been wanting to learn how it works and what is means to be a non profit
This was incredible!!!! Thank you!!
Some of the best advice I've received. Thank you so much!
I'd be interested in starting a non-profit for the following reasons:
1) I can derive a decent income from working in that organization. In other words I wouldn't need to be broke running a non-profit.
2) I can target the objective of the organization to benefit others, which would be very meaningful to me and them
3) I could pass on the benefits of a noble endeavor on to my children, grand-children, nieces, nephews, etc.
4) There's no law that says I could not run a separate for-profit company if I wanted to go that route too.
5) I would be doing something I loved!
I’m starting a sober living/ fitness camp. I’m going non profit. I’m going to help many men change their lives.
Thank you Toby ! I want to start an NGO for veterans, including kids, suffering from PTSD in US. I already send you friend request in linkedin
Thank you and that sounds like a noble cause! If your interested, we also offer free strategy sessions and workshops that could help you with this journey.
So smart ty for all the info!
Thank you for sharing this incredible concept. Liked and Subscribed.
Thanks for the great & informative content
Our pleasure!
Very clear. Thank you.
Much gratitude
I like the real life examples that you gave. this is how you do a youtube video. subbed.
This was helpful and I started a charity sale!
I was nonchalantly listening to my subscribed channels earlier today when the supreme being led me to this one...
How do I set up a consultation with you sir? I have learned so much this afternoon my head is swimming...
Hi LC. Here is the link to schedule a free strategy session, bit.ly/3JbMhRP. Or you may call to speak with an advisor at our toll-free line, 800-706-4741.
@@TobyMathis awesome thanks so much!!
Thank you so much for this video!
This totally changes my life
I truly appreciate your insight. This was very helpful indeed
Great presentation! Subscribed :)
Thank you much. I definitely needed this! You’ve sowed your seed with me!
Same here!
I've had this idea after hearing about Hershey. His non-profit has helped thousands.
Very interesting thanks Toby!
My pleasure!
Outstanding job! Just opened one to help women. Need help pulling it all together.
O my gosh this is everything!!Thanks for this video!
We are glad hat you enjoyed it!
Thank you and this was very helpful.
Excellent video. Thank you.
Rght to the point and clearly explained!. Thank you for the information, I found it very useful! Subscribed!
Thank you for your feedback. We are happy to have a new subscriber.
God bless you yes absolutely this video was very helpful I’m glad I found you. UK
simple but meaningful
Very helpful! Thank you, sir!
Awesome advice👏🏽👏🏽👏🏽👏🏽👏🏽
Wow! So informative and helpful. Thank you.
Thank you so much, Am working for a non profit umbrella (East Africa Philanthropy Network), very nice.
Gloria Lois Glad to know you found the video helpful and happy to know you're making a difference!
Thank you for sharing, extremely life changing
Iam journalist News Agency of Bangladesh
Nice
Really great video. Learned alot . Well spoken and understandable.
Priceless information...thanks!
👋🏿🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑👍🏿
You are welcome! Happy to help.
Thank you for sharing this great value in a video!
Thank you for your service.
It would be great if you can give an example of a passive way of doing this. Maybe also a simple example anyone can do. Basically is there a way to get started without having to donate a massive amount of capital and time to it? Is there a requirement on the % of funds that a non-profit must use each year? What's the max a person can get paid for managing the non-profit?
I just stumbled upon your videos and I'm finding them very insightful. Thank you for the content.
thank you so much, love you ..muaxxxx
I'm Inspired bro!
Thank you sir!
Thank you, great information. Do you offer consulting services to set something like this up?
We would like to direct you to andersonadvisors.com/ss/
where you can sign up for a free 45-minute consultation.
Thank you for this
Great/ Thank you.
Thanks for sharing, great share
thank u very much bruhthr 💗 super helpful 💗
Id like to start a non profit to develop properties into, affordable, well built, attractive housing. (High density mixed use within the city)
That's wonderful, we hope you consider attending one of our free events to learn more about how you can do that 👍 andersonadvisors.com/all-events/
one of the best thanks a lot
Very interesting! great vid.
Hey Toby, This was an incredibly informative video. Thanks for sharing the info and building this channel. I'm just wondering, is this equally valid info for Canada? Thanks!
@0:55 ''It's a great legacy tool to make sure that your kids are taken care of because they'll always have a place to work...'' This mentality of living off of the charitable donations of others meant to help those in need, not meant to pay the salaries of NPO CEO's and their kids. THIS IS THE PROBLEM WITH ''NONPROFITS'' TODAY!! Abuses of donated funds, especially in the relative chaos of disasters is a cancer on the planet. #DemandTransparency #TransparencyInGiving
THEY WORK AT THE CHARITY for a salary. You know alot of people who working at charities??... its a business with its objective to give , business by itself is all about profits
@@jonathan-bk4gb ''Nonprofit charities'', that are 100% all about the profit and deplorables like you defend it all.
💯
learned something new today and wow. thank you.
Thanks for the post. To clarify: what if I own a LLC and a non profit. I make a gross annual income of 10000 for the LLC and I decide to donate 60 percent to my 501C3. Am I interpreting this correct? And if so, the benefit would be keeping you from paying taxes from $10,000 but only $4,000, right?
Great video. Can you do a video on operating non profit versusa private foundation?
I would be interested in that as well.
Yeah, this was very helpful. Thanks 👌💪💯
Very helpful.
Thank you
great video
Love this 😍☺
Great Video
Great advice brother. I just had a great idea for my non profit based on your thought process.😁
Thank you sir
Just to clarify. We want to start a 501c3 to provide transitional housing to foster kids aging out of foster care in LA County in California. We are leveraging some money to get the "model" built and then will use that equity to build more units. Still, there will be a mortgage from HUD or USDA while we get grants (or loan conversion to grant) to pay them down or to build more. Should we A: pass the whole assets to the 501c3 and have them pay off the loans or B: hold the assets and allow the 501c3 to manage the rentals/properties and just take a FMV writedown on the leases as an ongoing tax writeoff? We do not make enough to simply pay off the loans even over 30 years without that supplemental income.
This was great!
We are happy you enjoyed the video!
Thx so much for this video. I an thinking of starting a non for profit. For summer camp for under privileged city kids.
That sounds like a wonderful ambition to have, we wish you good luck in your endeavor.
THANK YOU, SIR, I'VE BEEN TRYING TO SHARE THIS WITH MY HUSBAND AND SON AND THEY THIKN I'M SPEAKING MARTIAN...GODSPEED, THIE LOVING LAMBS ACADEMY INCORPORATED IS A 501C3...
We are looking for like minded non profit organisations as have started a learning center for the youth where they discover their God given talents and be self sufficient using their talents.
If you're good at making money, first take care of your employees. They are the ones that actually make your money. Solution to a ton of issues lies right there.
Thank you so much for this information yes it was very helpful. Can this idea work anywhere in the world or just in America?XUK
The concept works just about everywhere. If you live in a particular country, you will likely need to create the entity in that jurisdiction if that is where the activity is taking place.
@@TobyMathis for some reason i heard Rolex is owned by a foundation .. And pays no taxes. Someone told me that can obly be done in othet country where they're at not in america. How does rolex have things setup and how can we do this same approach ?
what advice to you have for finding the right Real Estate lawyer for my 3 person board in a tiny nonprofit to build affordable housing?
I’d like to do the same too but not sure where to start.
Me too
There is a 'Lot' of profit in a non profit, the salaries, for the Insiders, can be fantastic!
There can be many benefits in addition to helping others - a win, win!
Thanks a lot !!
Hey Toby, What about a life insurance index annuity?