Fiscal sponsorship refers to a relationship in which one organization that is tax-exempt serves as the official recipient of charitable donations for another organization while it is seeking tax-exempt status or projects and programs that are not seeking tax-exempt status but are “sponsored” on an ongoing basis. Typically the sponsored organization seeks out a fiscal sponsor that has a similar or consistent mission.
The role of the fiscal sponsor can include performing many different administrative functions on behalf of the sponsored group, including taking on the responsibility of fiscal management— receiving, administering and distributing charitable contributions on behalf of the sponsored organization. Since the donations are made directly to the fiscal sponsor, which then provides funds to the sponsored program’s activities, this arrangement enables donors to—in essence—make tax-deductible contributions to support the activities of the sponsored organization. The fiscal sponsor charges an administrative fee for its services, usually a percentage of the budget of the sponsored organization or program. This is an IRS recognized and supported arrangement as long as the fiscal sponsor retains the right to determine how to use the funds that the donor contributes.
Since 2003, The Partnership has provided fiscal sponsorship—acting as an incubator to nurture the development of grant projects and emerging programs. We provide infrastructure, experienced experience and community outreach to help Northeast Florida’s child health leaders cultivate visionary ideas, build effective programs, and succeed as agents of change. .
- Infrastructure: Our operational and financial services allow initiatives to benefit from our economies of scale and free project leaders to focus on their mission and goals and build their programs.
- Experience: We provide project implementers perspective on challenges and offer advice on resource development strategies to advance and sustain programs.
- Community Outreach: Through our extensive network of relationships across the child health landscape, we can help project leaders identify valuable positioning and networking opportunities that build effective partnerships. Components of the Partnership’s fiscal sponsorship of a project or program can include any or all of the following:
- Fiscal management services
- Human Resources / payroll and benefits administration
- Administrative and organizational support
- Mentoring
- Nurse Care Coordination component development
- Patient-Centered Medical Home implementation consulting
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Frequently Asked Questions
Steps to Establishing a Fiscal Sponsorship Relationship