Читать книгу Nonprofit Kit For Dummies - Stan Hutton, Beverly A. Browning - Страница 53

Using fiscal sponsorship as a temporary solution while establishing a new nonprofit corporation and acquiring a tax exemption can be an effective approach for the following reasons:

 You have an opportunity to test the viability of raising funds for your idea.

 You have time to establish an organizational infrastructure and to create a board of directors in a more leisurely manner.

 You can pay more attention to building your program services in the crucial beginning stages of your project.

 Your fiscal sponsor can provide bookkeeping, human resources, and other types of expertise, enabling you to focus primarily on developing your programs and activities.

 You have time to determine whether your program is effectively meeting the needs you intend and can develop benchmarks to support the organization if and when you pursue your own 501(c)(3) entity.

This distinction may seem nitpicky, but it’s an important one to keep in mind because you must satisfy the IRS requirements for this type of relationship. The 501(c)(3) sponsoring organization is responsible to both the funders and the IRS to see that the money is spent as intended and that charitable goals are met.