1. Fiscal Sponsorship for Nonprofits: Avoiding the Pitfalls

Fiscal Sponsorship for Nonprofits: Avoiding the Pitfalls

$79.00
Event ID: 2192328
Duration: 60 Minutes
Presenter(s): Andrew Schulman, Principal at Schulman Consulting
Credits: Certificate of Attendance

Fiscal Sponsorship for Nonprofits: Avoiding the Pitfalls

Fiscal sponsorship, where an existing nonprofit helps develop a smaller and sometimes early-stage organization without its own tax-exempt designation, can be a tremendous tool for both the sponsoring organization and the project that is being sponsored. But organizations often get into these kinds of arrangements casually or unknowingly -- and without careful planning, they can cause a variety of issues.

Often, fiscal sponsorships’ benefits and pitfalls are discussed in legal terms, but the operational nuances of managing a fiscal sponsor program require specific competencies to ensure the program is benefiting all involved and is not detrimental to the sponsor organization, its staff, board and its tax-exempt status.

WHAT YOU'LL LEARN

  • The various definitions of fiscal sponsorship.
  • How to decide if offering fiscal sponsorship is right for your organization.
  • What's required to successfully create and manage a fiscal sponsorship program while minimizing potential risks.
  • And much more!

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