What is Fiscal Sponsorship?

Fiscal sponsorship is a great way to get support in the startup phase of your mission-driven organization without letting the administrative details overshadow your work. It’s also a good alternative for projects or collaborations that don’t need to be established as their own 501(c)(3) entities.

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Attend an upcoming info session with program staff to learn more about fiscal sponsorship at Propel.

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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.

Learn more

Read about our process, eligibility, and fees for fiscal sponsorship at Propel

Fiscal Sponsorship at Propel