fiscal sponsorship doing it right n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Fiscal Sponsorship Doing it Right PowerPoint Presentation
Download Presentation
Fiscal Sponsorship Doing it Right

Loading in 2 Seconds...

play fullscreen
1 / 18

Fiscal Sponsorship Doing it Right - PowerPoint PPT Presentation


  • 214 Views
  • Uploaded on

Fiscal Sponsorship Doing it Right. Greg Colvin Adler & Colvin San Francisco, California. What is Fiscal Sponsorship?.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Fiscal Sponsorship Doing it Right' - Ava


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
fiscal sponsorship doing it right

Fiscal SponsorshipDoing it Right

Greg Colvin

Adler & Colvin

San Francisco, California

Copyright 2010, Adler & Colvin

what is fiscal sponsorship
What is Fiscal Sponsorship?
  • An arrangement between a 501(c)(3) public charity and a project in which, typically, the charity receives and expends funds to advance the project while retaining discretion and control over the funds.

Copyright 2010, Adler & Colvin

not fiscal agency
Not Fiscal Agency
  • Fiscal Agency – Wrong Term

charity is not agent to receive project $

  • Fiscal Sponsorship – Preferred Term

charity directs, controls project $

Copyright 2010, Adler & Colvin

two main ways to do it right
Two Main Ways to Do It Right
  • Direct Project Model (A)

* Independent Contractor is Model B

  • Pre-Approved Grant Model (C)

Copyright 2010, Adler & Colvin

direct project model a
Direct Project, Model A
  • Project belongs to sponsor
  • Project is not a separate legal entity
  • Project personnel are employees / volunteers
  • Contributions belong to sponsor

Copyright 2010, Adler & Colvin

direct project model a1
Direct Project, Model A
  • Sponsor is liable for everything
  • Sponsor reports revenue and expenses
  • Sponsor OWNS project
  • Project may have advisory committee

Copyright 2010, Adler & Colvin

legal steps
Legal Steps
  • Project director or advisory committee establishes a contract with sponsor.
  • Sponsor’s board has already approved a sponsorship program or approves now.
  • Fundraising done in name of sponsor.
  • Sponsor receives grants, donations into project fund account, pays costs directly.

Copyright 2010, Adler & Colvin

pre approved grant model c
Pre-Approved Grant, Model C
  • Project belongs to grantee
  • Project is in a separate legal entity
  • Project personnel work for grantee
  • Charitable contributions go to sponsor first

Copyright 2010, Adler & Colvin

pre approved grant model c1
Pre-Approved Grant, Model C
  • Grantee is liable for project
  • Sponsor reports contributions in and grants out
  • Grantee reports grant in and expenses out
  • Sponsor retains “variance power” (discretion and control) over funds

Copyright 2010, Adler & Colvin

pre approved grant 7 steps
Pre-Approved Grant – 7 Steps
  • Written grant proposal from project
  • Sponsor evaluation of proposal
  • Sponsor Board approval
  • Written grant agreement
  • Proper solicitation of funds
  • Proper accounting for funds
  • Reports from grantee to sponsor

Copyright 2010, Adler & Colvin

how could anything go wrong
How Could Anything Go Wrong?

Copyright 2010, Adler & Colvin

problems common to both models
Problems Common to Both Models
  • Sponsor is “absent,” or

“We are just using their 501(c)(3)”

  • No written agreement
  • Confusion with DAF or other programs
  • Sponsor mischaracterizes relationship
  • Donor confusion about recipient

Copyright 2010, Adler & Colvin

direct project problems
Direct Project Problems
  • Sponsor fails to plan for liability
  • No pre-nuptial agreement
    • Dealing with the break-up
  • Ownership of intellectual property
  • Project spends more than it has
  • Organizing an advisory committee
  • Treatment of employees

Copyright 2010, Adler & Colvin

pre approved grant problems
Pre-Approved Grant Problems
  • Failure to pre-approve the grant relationship
  • Grantee fails to report income
  • Ownership of intellectual property
  • Grantee fails to report back to sponsor
  • Sponsor pays grantee’s bills directly
  • Lack of professional grants management

Copyright 2010, Adler & Colvin

resources
Resources
  • Fiscal Sponsorship: 6 Ways To Do It Right, 2005 edition
  • www.fiscalsponsorship.com
  • www.fiscalsponsordirectory.org
  • National Network of Fiscal Sponsors:

www.tides.org/community/networks-partners/nnfs/

Copyright 2010, Adler & Colvin