How can I set up my own community charitable fund ?

Question

I do not want to donate through another CCF. I want to establish my own.

Answer 1

You can do that. I have been involved in 2 such projects.

The IRS paperwork is a little much for most people.

Best bet is to have a tax lawyer draw up the charter and get you started. The 501 stuff itself takes days to do.

Good Luck!