A vast majority of you, at some point in your future, will have the opportunity to contribute to a nonprofit
organization as a donor. It is important to begin thinking about how you can make a contribution.
The nonprofit sector of America has enjoyed tremendous
growth over the past three decades as a result of
a handful of factors. Chief among them is the vast
amount of wealth generated in the private sector.
This, in turn, has resulted in increased corporate
and individual donations. And the giving of private
funds for public good - known as philanthropy - is
likely to become even more pronounced in the future.
In thinking about the nonprofit sector, it is essential
to have some baseline knowledge about how nonprofit
organizations are structured. Nonprofit organizations
are incorporated by the state and regulated at the
state level through the secretaries of state. We are
classified as 501(c)3 and must benefit the broad public
interest. Because we work for the public good, we
are exempt from paying federal income taxes, and contributors
may claim donations as deductions from their income
taxes. Nonprofit ownership refers to both a legal
and ethical responsibility: to offer a public benefit
purpose and to meet the expectations of those on whose
behalf the organization exists.
The governmental sector is asking nonprofits to play
a larger role in the delivery of services. We are
asked to provide assistance with programs that help
the public. A few of our highest priorities appear
below:
- Single moms
- Homeless children
- Drug culture on the streets
- High School and College prep
- Reading and understanding English as second language
Nevada Homes For Youth is a Nevada corporation incorporated
in 1991 and enjoys all the benefits of a 501(c)3 pursuant
to IRS ruling in August 1996. We desperately need
your help. Many of you may find our name new to you,
as we spend very little on advertising.
