Would you like to learn more about this topic and talk to someone? Schedule a free consultation here: aba.link/d1a428
@LifeStrategies2.08 ай бұрын
Thank you Toby and the crew for all you have shared with me as a client, along with assuring the knowledge I knew was correct! 🔥😜 💯
@TobyMathis8 ай бұрын
Thank you so much for your kind words! We're glad that we could provide you with the information you needed and assure you of your knowledge. It's always a pleasure to have clients like you!
@geauxride8 ай бұрын
Wealth of knowledge! Great segment that helped me understand we are doing it right!
@TobyMathis8 ай бұрын
Thank you so much for your kind words! I'm glad that the segment was helpful for you and that you feel confident in what you're doing. Keep up the great work!
@pwgavin8 ай бұрын
Hi Toby! Big fan. Quick q: Do you all keep a playlist somewhere of all the recorded tax tuesdays in full? I can never watch them live but love going back and watching them after. Thank you!
@TobyMathis8 ай бұрын
Yes we do! kzfaq.info/sun/PLmje7Bbplo8kQvOB-FOY3sbBstKbD9WYX
@tinamcdonald26298 ай бұрын
Excellent!
@MrPokey0078 күн бұрын
I believe through my faith of giving and helping others through different means. Can I for a non profit where I can control where it goes through my faith or a faith based organization?
@cesarsilva-nv6de4 ай бұрын
You guys are amazing I love your content and thank you so much for making them available for free on KZfaq. The only thing that I will say I tried to open my 501 C3 with you guys and you were charging $6,000 for it. I little bit too much for me. Thank you again
@TobyMathis4 ай бұрын
Thank you for your kind words! We appreciate your support and understanding.
@Jay-be3um3 ай бұрын
Can you deduct the cost to set up the 501 C3?
@BharatKulkarniusa7 ай бұрын
Awesome job Toby. Having Karim as the resident expert with Anderson (ex IRS :) was insightful!!!
@TobyMathis7 ай бұрын
Karim rocks:-) Super nice guy and a true professional when it comes to helping people.
@Royaldane375Ай бұрын
Toby, for the purpose of setting up a mini sanctuary, could you under a 501c3 buy land and build and how much of a tax deduction are we looking at? Thanks for the excellent content 🙌
@MsSWILLIAMS882 ай бұрын
Very very informative. I have a 501c3 and I’m still learning allot. Thank you so much
@TobyMathis2 ай бұрын
Thanks for watching!
@DrBrandonSchultz8 ай бұрын
I love this content, thank you for sharing!
@rootfarm5138Ай бұрын
I have a non profit and want to donate to a non that is going to work with disaster relief. Do I call them or do they need to ask me?
@LEAPwithPaisley2 ай бұрын
Disabled, veterans, minorities Supporting children and families of children living with physical differences, developmental delays and mental health conditions. Specific disability limb loss and limb differences, Autism Spectrum Disorder, ADHD
@DTSupstateNY8 ай бұрын
I need some Karim in my coffee
@njyouthfootballАй бұрын
can I do a charity to help younger kids to start working out and getting fit out of my home gym?
@TobyMathisАй бұрын
Great question, to assist you further, I highly recommend you request a free 45-minute consultation to discuss this with my team so we can provide you with an answer that is unique to your situation. Visit: aba.link/d1a428
@rootfarm5138Ай бұрын
what form and line do you show your donation to your non profit
@TobyMathisАй бұрын
I would recommend setting up a free consultation to talk about some strategies and how they apply to your unique situation. Sign up here: aba.link/d1a428
@nicolekhaleghi7 ай бұрын
Hey there! I'm interested in knowing what's the best way possible to make a charitable contribution to our family owned NON profit for 2023? And when is it technically to late?
@TobyMathis7 ай бұрын
Great question, in order to assist you further, I highly recommend you request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. Visit: aba.link/d1a428
@user-qw3jj4fl9d11 күн бұрын
I'm a 501c3 on fixed income. How can I get access to your help? Any plans for me?
@TobyMathis10 күн бұрын
Give my team a call today. aba.link/d1a428
@Hi-jx5oe8 ай бұрын
How many organizations in one year both US and international?
@TobyMathis8 ай бұрын
We can definitely assist you in organizing your 501(c)(3) effectively! Visit: aba.link/d1a428
@mikehelton8152 ай бұрын
Great video
@TobyMathis2 ай бұрын
Glad you enjoyed it
@jonebersole28543 ай бұрын
If I start a nonprofit for historical preservation, can that nonprofit contribute funds to repair a building that is privately owned?
@TobyMathis3 ай бұрын
Thank you for considering starting a nonprofit for historical preservation. I recommend setting up a free consultation to discuss some strategies and how they apply to your unique situation. aba.link/d1a428
@GeorgiaCrime3 ай бұрын
I’m confused. What’s the difference between creating a donor fund vs giving directly to a charity?
@TobyMathis3 ай бұрын
With a Donor Advised Fund (DAF) you contribute assets to a fund managed by a sponsoring organization, such as a community foundation or financial services company. You then recommend grants to eligible charities from the fund over time. This gives you control over when and how much you donate to different charities. Direct giving involves donating directly to a charity without an intermediary, giving you less flexibility but a more immediate impact.
@aaronjarmstrong7 ай бұрын
Love this channel. Can someone donate their IRA into the 501c3 without tax? For example, someone is of age where they can pull from a traditional IRA. Could they donate some or all of that stock to the 501c3?
@TobyMathis7 ай бұрын
You can donate up to $100k per year of RMDs as a Qualified Charitable Distribution (must be 70.5yrs old). Each spouse who qualifies can do this. The reason you contribution this way versus taking a taxable distribution is that when you make a QCD, 100% of the money is removed from the return versus 20,30,50 or 60% depending on the type of charity and asset contributed. Otherwise, you have to take a taxable distribution and donate the cash. This would likely bump you up against the 60% AGI limit for cash donations to public charities or 30% to private foundations. Hope this helps:-)
@willmallory90858 ай бұрын
Excellent topic team.
@bonniej03 ай бұрын
Shouldn't everybody on Social Security be non-profit
@robertduffy58057 ай бұрын
How do you stop your board from throwing you out like James O'Keefe was?
@TobyMathis7 ай бұрын
Make sure your bylaws have you as a founder with veto powers:-)
@bonniej03 ай бұрын
You know I'm not in an organization but I'm on disability and I don't make a profit can't I claim non-profit??.
@TobyMathis3 ай бұрын
Hey, I would recommend you give my team a call so we can provide you the best answer. Visit: aba.link/d1a428
@ktruth4real4 ай бұрын
Can I donate into my 501c3 and pay children’s private education through the 501c3?
@TobyMathis4 ай бұрын
That's a great question. I recommend you connect with our team to get this question answered. Email: nonprofits@andersonadvisors.com
@LoriBlevins-Schilling8 күн бұрын
I would love to have a conversation with Karim about my current non-profit. Please contact me. Great information!!!! Thanks!