Fiscal sponsorship can be a tool for collective impact, creating a web of local actions that share resources, infrastructure and responsibilities. As more communities are organizing and becoming agents of change in their own contexts, building networks of support is crucial. Fiscal sponsors can become a compliant nonprofit home, providing shared infrastructure and management systems to initiatives that advance their mission and vision for social change.
How it works?
The term fiscal sponsorship describes a relationship between a public charity with tax exemption and a project. The charity receives and expends funds to advance the project while retaining discretion and control over the funds to achieve charitable goals aligned with its mission.
There are different models of fiscal sponsorship. HASER develops it’s Collaborative Agreements and Fiscal Sponsorships Contracts with the models describe in the book “Fiscal Sponsorship-6 ways to do it right” by Gregory L. Colvin. You can find a summary of the book in English in the following LINK.
Fiscal sponsorships can be a real boon to the fluidity, innovative capacity, and diversity of the community-development and nonprofit sector. —How Fiscal Sponsorship Nurtures Nonprofits by Jonathan Spack, Third Sector New England