Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

Happy Hoosier

(8,561 posts)

8. So, hire a lawyer to create a non-profit....

Reply to question everything (Reply #7)

Wed Jul 17, 2024, 08:48 AM

Jul 2024

Make yourselves the trustees, fund the non-profit, THEN stick in an index fund. Did that for a non-profit I served on the board of. It wasn't complicated.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

8 replies

= new reply since forum marked as read

Highlight:

A Couple Won the Powerball. Investing It Turned Into Tragedy. - WSJ [View all] question everything Jul 2024 OP

another source without the paywall BlueWaveNeverEnd Jul 2024 #1

Thanks question everything Jul 2024 #2

When my Union's pension fund was established in the late 1960's Turbineguy Jul 2024 #3

The financial advisor killed himself. Mosby Jul 2024 #4

Yes. It's a damn shame that they hit the jackpot, and then some idiot (the one who killed himself) ripped it all off. SWBTATTReg Jul 2024 #5

FACEPALM! Happy Hoosier Jul 2024 #6

Not that simple. They wanted to set a not profit tax exempt fund to study a rare disease. question everything Jul 2024 #7

So, hire a lawyer to create a non-profit.... Happy Hoosier Jul 2024 #8