Fiscal sponsorships – Extending a “hand up” to new nonprofits

Description

Abstract: Fiscal sponsorships can benefit established nonprofits as well as charitable projects that lack 501(c)(3) status. Such relationships can provide much-needed infrastructure and fiscal management to a project, make more funds available, and enhance the project’s credibility. But as this article discusses, before agreeing to sponsor a group, it’s important to understand how such sponsorships work and the potential risks involved.