A White Paper: On Comprehensive Fiscal Sponsorship Library

A White Paper: On Comprehensive Fiscal Sponsorship

Tags : Finances and Sustainability

The term fiscal sponsorship actually refers to several different, often overlapping arrangements; the common denominator is generally that a group wishing to conduct a charitable program without incorporating or obtaining Internal Revenue Service (IRS) recognition utilizes an existing 501(c)(3) nonprofit as its fiscal sponsor. Many groups, though charitable in nature, lack the legal status they need to receive grants from foundations, individual donors and government agencies. Regular tax exempt nonprofits are also increasingly using comprehensive sponsors, realizing benefits that extend beyond tax-exempt status such as enhanced back office efficiencies, cost savings and other value inherent in CFS.

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