What is Fiscal Sponsorship?
Fiscal sponsorship refers to the practice of non-profit organizations offering their legal and tax-exempt status to groups—typically projects—engaged in activities related to the sponsoring organization's mission. It typically involves a fee-based contractual arrangement between a project and an established non-profit. Projects may seek fiscal sponsorship for various reasons: an anticipated short lifespan, improved access to funding, increased credibility, and low-cost financial and administrative services. Fiscal sponsors can also assist nascent projects in developing the necessary organizational capabilities to eventually spin off as independent non-profits.
While every fiscal sponsor has its own program, they have at least one thing in common: fiscal sponsorship allows us to extend our nonprofit status to our sponsorees, making them eligible to receive funding that is typically reserved for nonprofit organizations. At ABC, we pride ourselves on our hands-on approach to our Fiscal Sponsorship+ (FS+) program. In addition to traditional fiscal sponsorship, our FS+ program takes a hands-on approach to helping newly-formed organizations grow. We offer 2 hours of subsidized technical assistance and a funder introduction each quarter.
Applications are now open!