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Benefits of Starting a Nonprofit Organization - Running a Nonprofit Business

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- Hi Guys, Toby Mathis here with Anderson Business Advisors

and today I want to talk to you about non-profits.

This is near and dear to my heart

and I have a personal philosophy that basically

states that if you're good at making money,

you should be very generous and make sure

that you're taking care of those who can't.

I get this from something called The Gospel of Wealth

that was written by Andrew Carnegie

more than a hundred years ago,

Where he basically stated that

millionaires were the trustees of the poor.

In other words, not that you just give money away

but that you do good works with your money and help those

that may be not as fortunate as you or maybe they're not

as good at making money as you are.

If you are good at making money,

one of the best places to put it,

is inside of your own non-profit.

Now here's the thing, a lot of people say

"oh, non-profit that's horrible.