Tremendous discounts on hardware and software are available for your library from many vendors and organization such as TechSoup Stock. To be eligible for these discounts, however, organizations often need 501(c)3 non-profit status. A Friends of the Library group or a library foundation can easily fit the bill! There is some paperwork involved to set up an organization like a 501(c)3 non-profit, but several Web sites offer assistance and resources. Quick overview of the process File a certificate of incorporation with your state's secretary of state or attorney general. Obtain an employer identification number. File for tax-exempt status with the IRS. Develop a fundraising plan and bylaws for your group. Celebrate your hard work! Resources Establishing a Non-Profit Organization The site provides step-by-step instructions for establishing a non-profit group. The information focuses on specific forms to complete and the steps you need to take. Each step includes additional resources on the Web. Friends of Libraries USA The national Friends of Libraries site includes information on setting up a new non-profit group, as well as extensive resources for existing Friends groups. Internal Revenue Service: Charities & Non-Profits The official federal government IRS site for non-profits. GuideStar This site verifies organizations with tax-exempt status. Real world success story Are you thinking that setting up a Friends of the Library non-profit is only for big city libraries with lots of resources? The New Mexico Tribal Libraries formed a Friends of the Tribal Libraries foundation, an entity that can receive grants and gifts on behalf of all of them. The process has developed a strong network among the libraries, improving their long-term sustainability. Find more fundraising ideas in the Staying Connected Toolkit. It is advisable to use an attorney's assistance to complete Form 1023 (tax-exempt status). Perhaps you can solicit a lawyer in the community to donate his or her time. Find partnership ideas in the Staying Connected Toolkit.
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| Set Up a Friends of the Library Group |
Among its myriad benefits, a Friends of the Library non-profit or a library foundation can help your library obtain substantial discounts on hardware and software.
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