Fiscal Sponsorship

Starting Fresh…

Like many organizations, the Inside And Out Project (IAOP) initially utilized a Fiscal Sponsor to pursue charitable funding, enabling us to grow and achieve our charitable mission. Understanding the timeline involved in obtaining our 501(c)(3) status, we recognized the benefits of aligning with a nonprofit that already had an established reputation and IRS 501(c)(3) tax-exempt status.


Utilizing a fiscal sponsorship arrangement provides a means for an organization or project to attract donors, even before obtaining tax-exempt status under Internal Revenue Code Section 501(c)(3). In this setup, the fiscal sponsor acts as the administrative hub for the organization or project. Charitable contributions are made to the fiscal sponsor, which then disburses them to support the organization or project.

 

Fiscal Sponsorship is a way for new formed organization to seek tax-deductible charitable donation.

Sponsorship Basics

  • The Fiscal Sponsor lends credibility of 501(c)(3) status to the project.

  • The Sponsor receives and acknowledges the charitable contribution.

  • The Sponsored Organization/Project has an obligation to disclose to donors that it does not have tax-exempt status, but is utilizing a Fiscal Sponsor.

  • The Sponsored Organization/Project builds and maintains relationships with donors.

  • The Fiscal Sponsor retains control and discretion over funds received.

  • The Sponsored Organization/Project pays administrative fees to the the Sponsor.

  • The Fiscal Sponsor requests records and reports from the Sponsored Organization/Project to fulfill oversight responsibilities.

  • The Sponsored Organization/Project must comply with record keeping reports and request.

  • Both parties must communicate regularly.

Service Area:

IAOP will consider sponsoring organizations and projects that are based in:

  • Arizona

  • California

  • Florida

  • Texas

Prospective organizations/projects must align with the charitable mission of the Inside And Out Project. There is a 3.5% administrative fee for all grants and charitable funds received.

For more information or questions about having your organization or project sponsored, please contact: info@InsideAndOutProject.org or Call (888) 713-IAOP (4267)