Many of you know me just from the blog here at StockTradingToGo, but I actually also run a website that’s been around longer then STTG over at falkininvesting.com. Just yesterday I received the official letter from the IRS accepting our 40+ page application for 501c (3) status, the highest status a nonprofit can reach.
Co-founded with my business partner Mark Zimmer, we launched the falkininvesting site in December of 05 and created the Falkin Investing Corp. which was setup as a nonprofit. The site houses our stock forum which as of today has 10,415 posts from 4,580 members.
501c (3) status grants us tax-exemption from the federal and state government, and allows people to donate money and get a tax write off for their donation. Ever heard of the Red Cross or Blue Cross Blue Shield? They are 501c (3) nonprofits as well.
So, in the future you will probably start to see me mention the Falkin Investing Organization more and more. We are extremely excited and have a few unique ideas that we can now put into place to better serve our tax-exempt purpose. Our mission as a nonprofit is to promote free financial education worldwide.