Fiscal Sponsor Directory
What is Fiscal sponsor directory?
A Fiscal sponsor directory is a comprehensive listing of organizations or entities that provide fiscal sponsorship services to projects, initiatives, or companies. These directories help connect individuals or groups in need of fiscal sponsorship with potential sponsors who can help fund their work.
What are the types of Fiscal sponsor directory?
There are several types of Fiscal sponsor directories, including:
Local fiscal sponsor directories that focus on organizations within a specific geographic region
Industry-specific directories that cater to projects or companies in a particular field
National or international directories that provide a broad range of fiscal sponsorship options
How to complete Fiscal sponsor directory
Completing a Fiscal sponsor directory is a straightforward process that involves the following steps:
01
Research and identify potential fiscal sponsors that align with your project or company's goals and values.
02
Contact the sponsors directly to inquire about their services and determine if they are a good fit for your needs.
03
Submit any required documentation or application materials to the sponsor for review and approval.
04
Once approved, work closely with the sponsor to establish a formal agreement detailing the terms of the fiscal sponsorship arrangement.
05
Keep the sponsor updated on your project's progress and provide any necessary reporting or documentation as agreed upon in the sponsorship agreement.
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Questions & answers
How many fiscal sponsors are there?
Search fiscal sponsors by state The Directory features 366 sponsors: 361 sponsors in 40 states plus eight in the District of Columbia and three in Puerto Rico and one in Canada.
What is the difference between a fiscal agent and a fiscal sponsor?
In a fiscal agent relationship, the non-agent entity reports activity on their own financial statements, where in a fiscal sponsorship the other entity's activity is all recorded on the sponsoring entity's nonprofit financial statements because the non-agent entity gets to share the tax-exempt status.
What does a fiscal sponsorship do?
What is fiscal sponsorship? Fiscal sponsorship, at its core, is when a nonprofit organization extends its tax-exempt status to select groups engaged in activities related to the organization's mission.
What is a fiscal agent in government?
(Revised: 04/2021) Fiscal agents are financial institutions or other third parties receiving remittances and/or making disbursements on behalf of the state. The state's normal procedures for receipts and disbursements should be used whenever possible to minimize the use of fiscal agents.
What is the role of a fiscal sponsor?
A fiscal sponsor is a nonprofit organization that provides fiduciary oversight, financial management, and other administrative services to help build the capacity of charitable projects.
What percentage do fiscal sponsors usually charge?
Most fiscal sponsors charge sponsored projects a fee to offset the additional cost. Generally, that fee is somewhere between 5%-10% of all funds held on behalf of the sponsored group.
