Irs Fiscal Sponsorship
What is Irs fiscal sponsorship?
Irs fiscal sponsorship refers to a scenario where a non-profit organization provides its legal and tax-exempt status to another organization or individual to help them raise funds and operate as a non-profit entity. This arrangement allows the sponsored organization to benefit from the tax-exempt status of the sponsoring organization.
What are the types of Irs fiscal sponsorship?
There are mainly two types of Irs fiscal sponsorship: comprehensive fiscal sponsorship and pre-approved grant relationship. In comprehensive fiscal sponsorship, the sponsored organization becomes a program of the sponsoring organization, whereas in a pre-approved grant relationship, the sponsored organization remains separate but receives financial assistance from the sponsoring organization.
How to complete Irs fiscal sponsorship
Completing Irs fiscal sponsorship involves several steps:
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