Start a Nonprofit | Medical
Life Threatening Medical Situations
The 501c3 foundation is quick and easy to set up with minimal costs. Online donations are automatically set up which makes giving easy for anyone. With a 501c3 project set up through Ocean Grand, the project’s administration, paperwork, banking, and staying within the IRS guidelines are all taken care of leaving the individual or family free to focus on the crisis. Disbursements of funds from the 501c3 project are also easy so there is no challenge for those who have not operated a non-profit before.
Additional Endowment
In addition to the initial medical 501c3 project set up to focus on a medical situation, Ocean Grand sets up an endowment for others that have a similar medical condition. This endowment can also be directed by the family, and benefits other individuals who have similar medical conditions or diagnosis. The endowment is funded by donations and a small percentage on an ongoing basis from the original 501c3 project. This allows the family or individual a second way to make an impact on the medical situation they are facing. Some focus the endowment on research or treatment to benefit others that may face the same condition.
Continuance
Both the initial 501c3 project and the endowment continue as long as the family or individual would like for them to operate. The 501c3 medical project and endowment can span many generations of a family and continue to make a difference in the ongoing medical condition or the similar condition or research for others. Many who survive a serious medical condition find they have a continuing passion to help others with the same diagnosis or situation. Many large medical nonprofits have been established by first helping one person and then continue to focus on others.
Start a Medical Non Profit
501c3 projects set up through Ocean Grand transcend time and can be family heirlooms and legacies. All 501c3 projects and foundations can be included in a family or individual’s will and be handed down for generations. A great grandchild or relative may one day be running a project set up by their grandparents for a cause and focus that was dear to them and has continued through the generations.
Setting up a medical nonprofit is simple and easy. Just go to the “Start a 501c3″ tab above and fill out the online application.
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