LONDON, UK / ACCESSWIRE / July 20, 2022 / As an experienced business professional and philanthropist, Raseshkumar Shah is pleased to announce the launch of his blog on IndustryMinds.com, a popular online platform dedicated to industry leading professionals. Currently involved with dozens of charitable organizations, Raseshkumar Shah is hoping to shed light on some of his ongoing initiatives. In a recent blog, he takes the time to discuss the meaning behind philanthropic organizations while highlighting the differences between community foundations, private foundations, and public charities. He also reminds readers of the importance of performing extensive research before starting a charity of their own.

"When setting up a philanthropic organization, it is essential to be aware of all IRS guidelines and regulations that apply to this type of organization. This includes understanding what constitutes a "private foundation" under 501(c)(3), as well as knowing how to comply with other requirements for tax exemption. Additionally, it is essential to communicate your organization's charitable mission clearly and concisely when applying for tax-exempt status."

Having been involved with more than fifty organizations, Raseshkumar Shah understands the extensive work that goes into running a non-profit. He claims that donations typically account for roughly only ten percent of an organization's revenue, and they instead rely on government grants, product sales, and service fees to keep running.

"Establishing a non-profit takes considerable planning and an ongoing passion for what it is that you do. Those hoping to be successful need to understand the legal aspects of their businesses while always working to put their best foot forward. I look forward to helping individuals navigate certain challenges they may face along the way."

Those interested can view the official blog here.

About Raseshkumar Shah

Raseshkumar Shah is a prominent business professional and philanthropist. Born and raised in Mumbai, India, Raseshkumar moved to London at seventeen hoping to support his family back home. Raseshkumar worked in various restaurants and cleaning positions in his local area while obtaining the necessary resources to start his own business. Through hard work and dedication he was a multi-millionaire by the age of thirty. Given his professional success, Raseshkumar has involved himself in more than fifty charitable initiatives and has served as a non-executive director for local organizations.

Media Contact:

Raseshkumar Shah
Email: rasesh789@gmail.com

SOURCE: Raseshkumar Shah