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Setting up a Charity

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Unless you have experienced a loss yourself, it can be difficult to even imagine the feeling of intense hurt and trauma. For many people, charity work is a way of coping with the grief of losing a loved one, while raising money to help the professionals that looked after them.

If you’ve lost a loved one and want to do your bit to help others, you could start fundraising for an existing charity. While this is certainly worthwhile, lesser known causes and diseases often don’t have relevant charities, which make it difficult for them to raise money and awareness.

However, this doesn’t have to be the case. Setting up your own charity can be incredibly worthwhile and rewarding; here’s how you do it.

Decide if it’s worthwhile

If you’ve reached the stage of setting up a charity, chances are it’s for a worthwhile cause. However, in order to get your charity registered, you will need to prove that your organisation will help others, so research is vital.

It may also be a good idea to plan how you will raise funds. Whether its family fun days or sponsored walks, having a thorough plan of how your charity will operate will place you in a good position for meeting the registration panel.

Get registered

It is vital that you register your charity in order to make your organisation official. People are less likely to donate if you are unregistered. If they have no way of verifying your credibility, they may feel like their donation isn’t in safe hands.

To get registered, you will have to submit an application to the Charity Commission. Here, the panel will determine whether you are eligible for charitable status, deciding if your organisation will really be beneficial to the world.

To find out more information about what exactly makes a charity, take a look at the official Charity Commission site.

Set up insurance

Just like you wouldn’t travel abroad without travel insurance, or drive a car without protection, it would be illogical to not insure your charity.

The most popular form of insurance taken out by charities is public liability, to protect them against any compensation claims. However, the type of cover you will need depends on what kind of organisation you are running.

Whatever policy you take out, you’ll need to make sure it’s with a reputable company. NC Insurance would be an ideal choice for your charity insurance policy. They can help you to tailor your policy to your needs, so you don’t end up paying for protection you don’t require.

 

 

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14 comments

  1. A very helpful article in organizing a charity institution. I think the most important are; be registered and insured. Other people, when natural disasters happened, they made an announcement at once to collect donations without knowing the consequences first. Everybody wanted to help, wanted to donate, but it must be given to registered institution.

  2. It has always been my dream to set up my own charitable institution. It may be a far cry as of now but I may be able to use your tips someday. 🙂

  3. Putting up a charity is a noble endeavor but sad to say, others take advantage of it to amass a good fortune from goodhearted people.

    This article is a good guide for those who aims to help and serve not for their own selfish motives.

  4. Indeed, one who who has experienced loss will be able to do more and give more through charity works because he knows the pain of going through the worst in life. These tips are wonderful for many of my friends with generous hearts. It is worthwhile to get people’s trust and confidence to give so what you shared are valuable. Thank you and may many around the world continue helping others in need.

  5. these are good advise to set up charity for those who are willing to give so much of their hardwork and time for others. I usually choose to give my donations to accredited institutions that I trust very well because of their transparency, sharing their financial reports, where the money goes, etc, and very high rating in better business bureau and charity watch ( they are actually rated too, in terms of how much of the donations really go to charity and how transparent they are with their finances ), it makes me happier to know where the donations really are going. I like also charity that I can choose where my donations would go. But for the most part, I prefer giving to highly accredited charity organizations because the company (and hubby’s company) I worked for matches our donations 1:1, so, whatever we give is doubled! However, I do give to some independent individuals if I trust them really working on good cause, a cause for example that is close to my heart.

  6. Charitable giving is a noble thing. The school where my kids goes to has charities whom they give help to. The school asks for donations from the parents and give it to the charity.

  7. Me and my friends are actually thinking of starting up a charity organization. These are very helpful tips for us to consider before starting anything!

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