Today I went to a sorority meeting with our local graduate chapter. I know I write and talk about my sorority a lot but right now its a big part of my life. I learned that our graduate chapter has a 501 (c)(3) organization called the Educational and Charitable Organization of LKO. The mission of ECF of LKO ”to provide educational and charitable services to individuals, families, groups and organizations in the Northern Virginia area, without regard to race, religion or ethnicity.” Rather than receive donations our graduate chapter accepts donations through the ECF of LKO.
According to Wikipedia (a nonprofit information database) some non-501(c)(3) nonprofits often create their own 501(c)(3) organizations so that donors can receive tax deductions for their donations. They carry out all of the community service and charitable giving through ECF of LKO. ECF holds several fundraisers annually including a highly successful booksigning.
Although, I have not thoroughly researched the reasons for creating a non-profit, I think it’s a great idea to create one in order for people who give to receive some reward. One day, I plan to own my business. When that happens I will definitely create my own non-profit to benefit my community.
