There are some factors which need to be well thought of by a well-wisher so as to start an education foundation that will be fruitful. The various charity programs will as such be supported probably.
To the education foundation, it will be necessary to find out on how passionate you are about it. As such, understanding whatever required to make the foundation achieve its goals will be very necessary. You will need to outline your responsibilities and ensure that you are passionate about the foundation.Be sure that you have the focus and committed to man such a foundation hence determine your roles.
To draft the bylaws of the organization, you will need to consult with an attorney. Every organization requires to operate based on some particular tamed protocols. Making an organizational decision ought to be well thought hence you will need to have someone to consult with. The laws that you make ought to be workable and be those that will enhance a smooth coordination.
The third step will be to decide where to get the finances. For such organization to be operational, it will require some funds seasonally to build up infrastructure and facilitate its processes. Taking note of the reliable sources of income and the plans to be implemented according to the time when they are needed will be very necessary.
Selection of the members of the board is the fourth thing that you need to do. You should never select your family members and friends and make them your board members. Board membership comes along with very many attributes that are beneficial to the foundation. An advantage that comes along with you selecting those people that are not close to you is that they will link the foundation to various sponsors.
Fifth, you must come up with the best plans that you can use for fund raising. To start a foundation is quite expensive and so, you will require some huge amounts of money. You need to handle the foundation as your business, and so there will be need for you to come up with the best objectives and goals that can move even those contributing towards it.
The sixth step is for you to identify the conflict of interest within the foundation as a project and find solutions to it. Make use of the money that you will have collected through fund raising to help those who will be in need and not for any other purposes. You should not have anything to do with any politics if you are having such a responsibility of handling a foundation.
Ensure that at all times the foundation funds are used for those things that are related to the foundation and the people you are planning to help. At no time are you allowed to treat that foundation as your business and hence use the fund for your reasons.