What is fiscal sponsorship?
Fiscal sponsors are 501(c)(3) charitable organizations that offer charitable groups, projects, and donor collaborations a tax-exempt home. The sponsoring organization provides administrative services such as accounting, human resources, and grants management, thereby enabling the sponsored project to focus on mission-related activities such as programming and fundraising. The fiscal sponsor also bears legal responsibility for ensuring the funds are used for their intended purpose.
Fiscal sponsorship is a valuable, cost-effective service that enables charitable projects to quickly begin working towards their mission and efficiently manage back office operations. It may be a long-term relationship or a short-term relationship while the organization applies for their 501(c)(3) status.
Who should consider fiscal sponsorship?
Fiscal sponsorship is ideal for projects and organizations that:
- Have initial working capital of at least $100,000.
- Could use the back-office support of a well-run nonprofit.
- Are looking for human resources, financial, or administrative help.
- Need 501(c)(3) status.
Fiscal sponsorship is one of the many ways WRAG serves the local philanthropic community and directly furthers our mission of encouraging and supporting effective, efficient philanthropic investment. For more than 20 years, we have provided comprehensive fiscal sponsorship services to projects in the Greater Washington, DC region. We have the infrastructure and expertise to help you take your vision from idea to reality.
Efficient. We take care of all the administrative and back-office details, so you can focus on your mission.
Effective. With more than 20 years of fiscal sponsorship experience, we have the tools, expertise, and proven track record to help you succeed.
Informed. We know the rules and regulations that govern the work in the nonprofit and philanthropic sectors, so you don’t have to.
What services do we offer?
Our flexible, a la carte services are designed to support all types of projects. Below are just a few of our offerings. Please contact us for more details or to inquire about additional options.
- Accounting & financial management
- Human resources, including payroll & benefits
- Grants management
- Vendor & contracts management
- Information technology, including email & cloud computing
- Tax filings
- Communications & marketing support
For more information about our fiscal sponsorship services, including pricing and sample projects, click here.
For more information about our fiscal sponsorship options or to receive a price quote for your specific project, please contact:
|WRAGs Fiscal Sponsorship Services.pdf||2.63 MB|