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October 16, 2011

Fiscal Sponsorship

by ebmeier

Stepping Stones in the Japanese GardenFiscal Sponsorship by a 501(c)(3) empowers neighborhood groups and even businesses to stretch their budgets while accomplishing projects for the public good.

A 501(c)(3) can accept tax-deductible donations, foundation grants, and employer matching dollars to fund charitable work like yours. When non-501(c)(3) organizations do charitable work, they can partner with a 501(c)(3) Fiscal Sponsor in order to tap these extra financial sources.  That’s why Urban Sparks invests in being a high quality fiscal sponsor for neighborhood groups and corporations.

 It’s a service to projects,
but also to donors who want to support local change.

People often ask… should my group form our own 501(c)(3) to support the non-profit work we do?  Unless you have a large ongoing business, usually you don’t want the overhead of forming and maintaining a 501(c)(3),   Your energy is better spent accomplishing your project or mission, even if it’s a multi-year project.  Feel free to pick our brains about Fiscal Sponsorship.

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