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WELL OF CHANGE is a social change initiative creating a new breed of philanthropist. We match enthused volunteers with money making opportunities and then forward the proceeds to their favorite charity. www.wellofchange.org We mobilizing the community to better serve charities and nonprofits. We redefine volunteering and allow you to do anything, anywhere, anytime for the cause you care about most.
divabat's picture

How do I start a foundation or fund?

I would like to start up a fund or foundation to give grants to projects by young people back home (Malaysia), an area currently in need but not served very well. Being a young person myself with plenty of enthusiasm but not enough knowledge, I'm not sure where to begin.

I understand that a lot of information will be location-specific (laws, regulations, etc), but what else do I need to take note of when starting a fund?

How do I get the money? (I can't just use my life savings...)
What sort of bank account would be best?