The World Hongming Foundation is going to raise fund ASAP. If any organization is interested in doing this for us, please don't hesitate to send me your detailed plans for fundraising. Payments depend on outcome.
Best wishes,
Hengyucius (Ph.D., Professor) President, World Hongming Foundation President, World Hongming Academy Press President, World Hongming Academy of Philosophy and Religious Studies ************************************************ Address: P. O. Box 1488, Rosemead, CA 91770, USA Fax: +1-561-431-7612 Emails: h...@whpq.org Publications: www.whpq.org/Prof.Dr.Hengyucius Foundation & Academy: www.hongming.us Journal: www.whpq.org
At 10:25 PM 01/06/2003, Professor Hengyucius wrote:
>The World Hongming Foundation is going to raise fund ASAP. If any >organization is interested in doing this for us, please don't hesitate to >send me your detailed plans for fundraising. Payments depend on outcome.
Two notes on this appeal:
1) I can find no listing of this organization's Form 990 on Guidestar, despite the assertion on the org.'s website that it is a 501(c)3 nonprofit. There is also no listing for "World Hongming Foundation" on the IRS web site's search page for charities listed in Publication 78.
>Compensation >16. Members shall not accept compensation that is based on a percentage of >charitable contributions; nor shall they accept finder's fees. >17. Members may accept performance-based compensation, such as bonuses, >provided such bonuses are in accord with prevailing practices within the >members' own organizations, and are not based on a percentage of >charitable contributions. >18. Members shall not pay finder's fees, commissions or percentage >compensation based on charitable contributions and shall take care to >discourage their organizations from making such payments.
I'm not saying that the appeal, or the organization, is illegitimate. However, anyone seeking to aid this organization should: 1) perform some due diligence; and 2) be prepared to educate the organization's leaders on fundraising practice.
Michael L. Wyland Sumption & Wyland 818 South Hawthorne Avenue Sioux Falls, SD 57104-4537 (605) 336-0244 (605) 336-0275 (FAX) (888) 4-SUMPTION (toll-free) mich...@sumptionandwyland.com
http://www.sumptionandwyland.com -- Faith-Based & Community Initiatives resource page -- 2003 Nonprofits & Philanthropy forecast -- What state charity regulators are talking about
Professor Hengyucius wrote: > The World Hongming Foundation is going to raise fund ASAP. If any > organization is interested in doing this for us, please don't hesitate > to send me your detailed plans for fundraising. Payments depend on > outcome.
Hello Professor --- I want to be positive up-front with a suggestion to point to what I believe to be the better way for you to go, before I strongly suggest that you abandon your stated fund-raising plan.
(1) I believe it would be worthwhile to invite a few fund-raising consultants to meet with you so they could assess your project and its needs, thus enabling them to make recommendations regarding the practical and feasible steps you can take to meet your goal. The Association of Fundraising ProfessionalsŐ following webpage can help locate an AFP chapter near you to make contact with qualified and experienced professionals.
(2) I believe it would be potentially damaging to your organization to hire any outsider to raise the money for you or to pay any form of compensations based on funds raised.
You might want to carefully and seriously consider my anti-contingent-pay article and my article strongly opposing the engaging of Ňhired-gunsÓ to raise the money for you.
The AFP, and all other professional associations, many foundations and large donors in general, do not care to have a specific amount of the money they give go into the pocket of a professional solicitor who is asking for the money, or even to a consultant who is only directing the campaign.
Please do take the time to read the articles, observe the consequences of such schemes, and move to work with a professional who will provide the counsel to help you to develop the plans and the tools to do the job right.
--- The Argument Against Paying Development Professionals Based Upon The Amount Of Funds Raised For Non-Profit Organizations http://www.raise-funds.com/898forum.html
--- Asking For The Money Is The Job Of The Leadership And Friends Of A Non-Profit Organization: Never Hire Someone To Do What Is Their Responsibility http://www.raise-funds.com/c98forum.html
Professor --- Should any so-called ŇconsultantÓ say to you, ŇDonŐt worry, IŐll raise the money. Neither you, nor your board, nor your organizationŐs friends will have to ask for a penny,Ó run, donŐt walk. Run in the other direction. If you fall for that line, you most likely will not make the campaign goal and you are assuredly selling short your organizationŐs future.
Best wishes, -- Tony Poderis ________________________________________ FREE: Fund-Raising Articles, Exhibits & Documents Plans, Tips & Techniques That Will Work For You NEW: "The Fallacy Of Financial Ratios" http://www.raise-funds.com/100402forum.html Ą Permission to reproduce any material is not required
Thanks very much for the valuable words on fundraising affairs from Mr. Michael L. Wyland and Mr. Tony Poderis.
All fundraising activities of the World Hongming Foundation will be done in accordance with the US laws and professional standards. We have completed all legal works in California. In November 2002, the IRS invited us to apply for the federal tax-exempt status. But according to our work plans, we will, at earliest, submit this application in February 2003 because we are now dedicating ourselves to design our educational programs. We will not start any charitable activities in the entire year of 2003. All we will do in this year is to develop our educational programs, which are expected to start in summer.
We are now planning to raise fund to support our educational programs. Any potential collaboration about this issue is welcome. Interested please don't hesitate to contact me via email.
Hello again, Professor --- Thank you for the additional information. It was clear to me at the start that you were somewhere in the process to fully establish your non-profit organization according to regulations when you were seeking someone to help raise the money for your organization. You are indeed welcome to seek support and advice here.
My prior admonitions regarding your plans to hire “fund-raisers” on a “contingent-pay” basis, are just as forceful now. I trust you did read the articles on my website regarding such schemes --- most of which have the “hired-guns” themselves take away on the average 70% of any money raised.
Do check with the local AFP chapter as I suggested. You should contact a few true, capable, and experienced consultants. Having them come to you (at no charge) to assess, then to recommend, could be a valuable learning process for you. Search for the chapter nearest you from their geographic location webpage:
Registry of Charitable Trusts P.O. Box 903447 Sacramento, CA 94203-4470
Should you appoint any of your volunteers or staff to develop fund-raising plans and tools, have them review the articles on my website in the top to bottom order as seen in my “Fund-Raising Forum Library” index:
I’ll be happy to volunteer additional counsel on-line at any time.
I hope some of this helps.
Best of all good luck,
-- Tony Poderis ________________________________________ FREE: Fund-Raising Articles, Exhibits & Documents Plans, Tips & Techniques That Will Work For You NEW: "The Fallacy Of Financial Ratios" http://www.raise-funds.com/100402forum.html • Permission to reproduce any material is not required
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