What is Fiscal Sponsorship?
‘Fiscal sponsorship’ is a term known within philanthropic and nonprofit worlds describing a relationship between an established 501(c)(3) organization and a project that does not have that status, but whose activities align with the 501(c)(3)’s mission and vision.
Benefits to Sponsored Projects
Fiscally sponsored projects can accept tax-deductible donations from individuals and grantmakers while focusing on program work and fundraising. Propel Nonprofits’ dedicated fiscal sponsorship program allows you to get your charitable project or nonprofit off to a strong start, whether you’ve already submitted your 1023 form to the IRS or are still exploring what starting a nonprofit looks like.
We’re here to be your strategy sounding board and can provide startup guidance and insights, organizational development, a platform for raising donations and feedback on grants, accounting support, financial and board governance templates and trainings, and a bridge to helpful relationships.
To learn more about our clients’ experiences with fiscal sponsorship, see our Fiscal Sponsorship Case Study report.
When Should I Consider Fiscal Sponsorship?
Have you applied for your 501(c)(3) status but want to start raising funds for your cause now? Are you an individual or group wanting to establish a strong foundation before making a long-term investment and starting a 501(c)(3)? A collaboration looking for a neutral host? A time-defined project? Then fiscal sponsorship might be the perfect fit as you realize your charitable objectives.
Propel Nonprofits is a member of the National Network of Fiscal Sponsors and follows its best practice guidelines.
Read about our process, eligibility, and fees for fiscal sponsorship at PropelFiscal Sponsorship at Propel