Fiscal Sponsorship: Developing a Happy Relationship for Nonprofits

$169.00

Fiscal sponsorship presents a unique avenue through which groups advancing a charitable mission can connect with existing nonprofits, promoting efficiency and the avoidance of creating a new, independent 501(c)(3).  Fiscal sponsorship is a formal arrangement in which a 501(c)(3) nonprofit organization “sponsors” a group or project that currently lacks exempt status.

This session provides an overview of fiscal sponsorship as a tool for both existing nonprofits and groups not currently recognized as public charities.

Special attention will be paid to issues that arise under this arrangement related to governance, financial oversight, and fundraising. We will address practical questions and best practices should a nonprofit or group chose to pursue this arrangement. Finally, we will review key legal and contractual provisions in a fiscal sponsorship arrangement along with a sample fiscal sponsorship agreement.

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Event Details

Webinar Date

Webinar Time

Course Type

Course Instructor

Gregory Nielsen, Esq.

Original Date Of Course

General Credits

2

Course Description

Fiscal sponsorship presents a unique avenue through which groups advancing a charitable mission can connect with existing nonprofits, promoting efficiency and the avoidance of creating a new, independent 501(c)(3).  Fiscal sponsorship is a formal arrangement in which a 501(c)(3) nonprofit organization “sponsors” a group or project that currently lacks exempt status.

This session provides an overview of fiscal sponsorship as a tool for both existing nonprofits and groups not currently recognized as public charities.

Special attention will be paid to issues that arise under this arrangement related to governance, financial oversight, and fundraising. We will address practical questions and best practices should a nonprofit or group chose to pursue this arrangement. Finally, we will review key legal and contractual provisions in a fiscal sponsorship arrangement along with a sample fiscal sponsorship agreement.

Principles

  • Fiscal sponsorship: what is it and why might it be appropriate?
  • The pros and cons of fiscal sponsorship for nonprofit organizations and groups not yet recognized as public charities
  • Roles and responsibilities in a fiscal sponsorship – who is responsible for what?
  • Important legal and contractual provisions in a fiscal sponsorship agreement

Syllabus

  1. Fiscal Sponsorship Defined
  2. Pros and Challenges
  3. Finding your match
  4. Common Forms
  5. Who does what?
  6. Let’s get engaged!

Instructor

Gregory Nielsen, Esq.

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