Define the mission and purpose
Choose the type of foundation
Research legal requirements in your country or state
Select a unique name for the foundation
Draft the founding documents
Register the foundation with the appropriate government authority
Obtain tax-exempt status if applicable
Create bylaws and governance policies
Form a board of directors or trustees
Open a bank account in the foundation’s name
Set up accounting and recordkeeping systems
Develop a fundraising plan
Create a grantmaking or program strategy
Build a website and public presence
Ensure compliance with reporting and filing obligations
Launch programs and begin operations