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Fiscal Sponsorship: 6 Ways to Do it Right [Second Printing]

Colvin, Gregory L.

8 ratings by GoodReads
ISBN 10: 093643466X / ISBN 13: 9780936434667
Published by Study Center Press, 2000
Used Condition Good+ Soft Cover
From BookZombie (Hanford, CA, U.S.A.) Quantity Available: 1
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Second Printing. Spine cocked, denting and light edgwear present. Good+ condition. Light to moderate shelfwear, clean pages. May have bumped edges/corners. Binding intact. (YY24). Bookseller Inventory # 100422657

About this title:

Synopsis:

Fiscal Sponsorship: Six Ways to Do It Right describes six models of sponsorship that have been approved and accepted by the IRS. It details how they are supposed to work and why, how they differ and how they are similar.

Fiscal sponsorship is a term that is not well understood within the nonprofit world. A "fiscal sponsor" is widely, and mistakenly, called "fiscal agent," which misstates the relationship between a tax-exempt organization and any separate non-exempt project that comes under its aegis.

Four leading San Francisco fiscal sponsors in the arts and human services (Intersection for the Arts, the San Francisco Study Center, Film Arts Foundation and California Lawyers for the Arts) began meeting in 1991 to collect and share information on sponsorship practices to clarify their legal underpinnings and improve their effectiveness. The meetings and the production of this book were supported by The San Francisco Foundation and The Wallace Alexander Gerbode Foundation.

Fiscal sponsorship is an ideal way for nonprofits to operate in the 1990s. It saves money, conserves resources, reduces duplication of personnel, simplifies organizational needs and offers other benefits to service-minded community groups. Nonprofits should utilize fiscal sponsorship to increase service capacity. Foundations should support fiscal sponsorship to stretch their grantmaking, and public agencies should consider it as an efficient way to contract out services.

From the Inside Flap: The IRS recognizes six forms of fiscal sponsorship. Author Greg Colvin calls these models A through F and describes each in sufficient detail that projects and sponsors can decide which model fits their situation best.

Examples abound, a useful chart compares characteristics of each model, and diagram opens each model description to illustrate that particular funder-sponsor project relationship and how it works.

Hypothetical scenarios featuring an arts project, an environmental group and a human service organization shed light on how the models function, their differences and their similarities. The appendix includes a sample sponsorship agreement and a description of Model X, an experimental form that eventually may become acceptable to the IRS.

"About this title" may belong to another edition of this title.

Bibliographic Details

Title: Fiscal Sponsorship: 6 Ways to Do it Right [...

Publisher: Study Center Press

Publication Date: 2000

Binding: Soft Cover

Book Condition: Good+

Edition: Second Printing

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