starting a nonprofit
I am an ecommerce sole trader and am thinking of setting up a separate arts funding nonprofit organisation. Initially this would be a very small and simple entity; one that would allow me, and possibly others, to contribute funds into an account that would be used by a small group of artists to fund exhibitions etc.
Sounds straight-forward enough, but there are some elements to this that I am unclear about:
Is there a difference between a non-profit company and a charity?
Would it be a conflict of interest if I, as principal donor, was a member of the artist collective? (particularly if I was donating from my business and therefore reducing my tax burden etc.)
Would the artist's collective have to demonstrate some 'public good', other than simply promoting their art etc?
I hope all that makes sense.
mark
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