Fiscal Sponsorships for the Funders, Sponsors and

Type: Webinar Recordings
Price: $100.00
 

Description

Fiscal Sponsorship: For the Funders, Sponsors, and the Sponsored

Wednesday, November 17 | 1:30 PM – 3:00 PM | Webinar

Presented by: Don Kramer, Editor and Publisher, Nonprofit Issues | Jeffrey Fromknecht, MSW, Co-Founder & CEO, Side Project, Inc.

Moderated by: Tish Mogan, Standards for Excellence Director, PANO

Offered in Partnership with: Nonprofit Issues

*CPE & CLE credits are available for this program; to receive credit you must register through Nonprofit Issues.

Fiscal sponsorship is a time-honored method to spawn new charitable activity when the people with the vision and the energy to do the work do not have recognition of federal tax-exempt status. It can function smoothly as an incubator of important new projects…or it can function badly as a serious trap for the unwary.

This webinar will define fiscal sponsorship and discuss the most common types of sponsorship arrangements. It will discuss the advantages and disadvantages of each type and the special considerations for funders, sponsors, and the sponsored. It will review specific critical provisions of sponsorship agreements, particularly termination and exit issues.

This session will be especially relevant for organizations looking for a fiscal sponsor and organizations that have been asked to be or have interest in being a fiscal sponsor.

Please note that fiscal sponsorship is an arrangement where one 501c3, the fiscal sponsor, serves as the administrative "home" of the cause of another organization that may not (yet, or ever) have 501c status. According to the National Council of Nonprofits, a fiscal sponsor provides fiduciary oversight, financial management, and other administrative services to help build the capacity of charitable projects. It is NOT a corporate sponsorship or other type of funding stream, but it may attract donors for causes that are not yet recognized as tax-exempt under the IRS Code Section 501c3.

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