- Set up a 501(c)(3) organization in the U.S.
- Create an account for this organization on universalgiving.org
- Spread the word about both organizations to help collect funds
- After funds have been collected, have the Costa Rican organization apply for a grant from the U.S. 501(c)(3)
- Request that the 501(c)(3)'s bank transfer the approved amount of money to the Costa Rican organization's bank account
- Include transaction on 501(c)(3)'s tax return
- Repeat steps 3 - 6
For information on how to set up a 501(c)(3), watch this video with creepy men who have no pupils: http://www.stayexempt.irs.gov/
No comments:
Post a Comment