What is Fiscal Sponsorship?
The best definition we have seen of fiscal sponsorship is from Community Initiatives in the Bay Area – “Fiscal sponsorship is an activity by which a public charity, tax-exempt under Section 501(c)(3) of the Internal Revenue Code, provides financial and programmatic oversight of unincorporated nonprofit projects that allows those fiscally sponsored projects to receive grants and tax-exempt donations from government, foundations, and individuals.”
Our services include financial, grants management, and insurance. 4Community Solutions is an independently incorporated Section 501(c)(3) fiscal sponsor. By serving as a fiscal sponsor, we allow projects to focus their efforts and energy on addressing community needs.