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!
NonprofitWebAdvisor.com Quality Commitment
NonprofitWebAdvisor, a division of CareerLearning, wants you to be satisfied with your webinar. If this webinar does not meet your expectations, email us at [email protected].