Fiscal Sponsorship 101

Fiscal sponsorship is a formal arrangement in which a 501(c)(3) public charity sponsors a project that may lack exempt status. This alternative to starting your own nonprofit allows you to seek grants and solicit tax-deductible donations under your sponsor's exempt status.

Why would you want to do this?

  • Grants

  • Sponsorships

  • Donations

  • Fiscal Oversight/Responsibility

  • You want to establish a new 501(c)3, but you want to get to work right away

  • Alternatives will not work for you: Loans, Crowdsourced Funding

 

Finding the Right Fit in a Fiscal Sponsor

 

  • Know yourself, your project, your purpose in creating your project, and the outcomes

  • Is there a nonprofit that aligns with your vision?

  • What is the cost of fiscal sponsorship through that organization, and what do you get for the cost?

  • How accessible is the money you raise?

  • What requirements does your fiscal sponsor have for you?

 

 

 

Helpful Links:

Fractured Atlas for independent artists who do not want to start a nonprofit

Arts Alive! Arts Incubation / Fiscal Sponsorship Program for groups looking to become nonprofits

How to start a Nonprofit

Checklist for becoming a nonprofit

 

Hannah Grimes Center Resources:

Visit the calendar for details

FREE Fundraising Coaching with Katie Gardella 30 minute sessions

FREE Financing Coaching with Edward Kunttu

FREE Business Strategy Coaching with Wink Faulkner

FREE Marketing & Design Coaching with Peter Harris

Financial Fundementals @ Hannah Grimes beginning 3/7 - $600 (50% scholarships available)

Startup Lab @ Hannah Grimes 4/29 - $600 (50% scholarships available)