Grant Writing & Funding Which Type of Nonprofit Should You Start
If you’re starting a nonprofit—or thinking about it—there’s one critical step you can’t afford to skip: obtaining your 501(c)(3) tax-exempt status.
In this episode, we break down why this designation is so important and how it directly impacts your ability to secure funding.
Most foundations and federal grant programs require nonprofits to have 501(c)(3) status before they will even consider awarding funds. Without it, your opportunities for grant funding are extremely limited.
But it’s not just about eligibility—it’s also about credibility.
Having official tax-exempt status signals to donors, funders, and partners that your organization is legitimate, transparent, and structured for impact—not just a front for collecting money.
We also discuss how this status benefits your supporters by allowing individuals and corporations to receive tax deductions for their donations—making it easier to attract and retain donors.
If you’re in the early stages of building your nonprofit, this episode will help you understand why securing your 501(c)(3) status should be a top priority after establishing your board and clearly defining your mission.
ABOUT HOLLY RUSTICK
Grant Writing & Funding (GWF) has a Global Movement to Secure $1 Billion in Grant Funding for Good and $30 Million in Grant Writing Businesses by 2030. Holly Rustick, CEO of GWF, is leading the movement; a world-renowned grant writer with 20+ years of experience, bestselling author, and business coach for new and seasoned grant writers to replace their full-time income writing grants part-time from home through her signature programs: the Freelance Grant Writer Academy and the Grant Professional Mentorship.
Rustick is the host of the top grant writing podcast “Grant Writing & Funding” and the author of the Bestselling book, The Beginner’s Guide to Grant Writing. With an MA in International Political Economy, past-president of the Guam Women’s Chamber of Commerce, serving on numerous boards of directors, Holly is also an unapologetic feminist. She lives on the island of Guam with her beautiful daughter, Isabella.
CONNECT WITH HOLLY RUSTICK
Website: https://grantwritingandfunding.com/
RESOURCES:
Weekly Newsletter: “Write Grants. Get Paid” - Get thought leadership on grant and freelance grant writing strategies every week in your inbox.
https://grantwritingandfunding.com/
Freelance Grant Writer Academy: Replace your Full-Time Income Writing Grants Part-Time from Home.
https://grantwritingandfunding.com/freelance-grant-writer-academy/
Grant Professional Mentorship: Double your Monthly Revenue with an Income Stream Outside of Grant Writing.
https://grantwritingandfunding.com/mentorship
RATE, REVIEW, & FOLLOW THE PODCAST
Favor, please? If you love this podcast, would you please do me a favor and leave a review on iTunes or your podcast listener?
This helps others find the podcast and I read each and every review!
“Every time I listen to Holly’s show, I learn something” <– If that sounds like you, please consider rating and reviewing my show!
Also, if you haven’t done so already, follow the Grant Writing & Funding podcast to get grant and freelance grant writing proven strategies and conversations in your podcast player every single week.
Thanks for listening!
Warmly,
Holly Rustick
Leading the $1 Billion for Good Movement: By 2030, aspiring and seasoned grant writers inside the Freelance Grant Writer Academy & Grant Professional Mentorship will 1) WIN $1 Billion in Grants, and 2) MAKE $30 Million in their Grant Writing Businesses. We are on our way already.