19 January 2009
"Fiscal sponsorship is a practice that has evolved as an effective and efficient means of starting new charitable initiatives, delivering public services, and seeding social movements. Fiscal sponsors are nonprofits that enable the movement of resources from funders and donors to projects, activities, ideas, and organizations that share the fiscal sponsor’s mission." (from The Tides Center)
The ANP Fiscal Sponsorship Program is designed to assist individuals, groups and organizations who are seeking financial support for projects with an affinity to the ANP mission. The ANP handles the administrative back end of processing donations so you don't have to, and instead can focus on the work of the project itself.
Examples of sponsored projects might be:
- A local artist who wishes to create artworks to support green and sustainable initiaitives in the city.
- A local community garden that wishes to raise funds for landscaping equipment and event supplies.
- A group of citizens working to create a shared resource network such as a tool lending library .
What we offer as a part of fiscal sponsorship:
- Legal status with the ability to accept tax-deductible donations under the ANP 501(c)3 umbrella designation
- Free email @alchemicalnursery.org domain
- General community outreach and free publicity such as being featured on our website
- Fundraising opportunities such as a direct donation link on our website
- Provision of letters of support for fundraising activities
- Preparation and distribution of acknowledgement/thank you letters for tax deductible donations
- Provision of quarterly income statements
- Fundraising, grant writing, and administrative guidance as appropriate
What you need to know:
- Applicants must submit a project proposal letter
- Applicants are required to sign a legal sponsorship agreement
- An initial one-year period is required for our fiscal sponsorship relationship to facilitate continuity of sponsorship activities
- The ANP charges a pecentage of donated funds to cover administrative costs
- 10% for all individual cash donations
- 10% for grants and government cash donations
- 5% of the declared value for all non-cash donations
- Additional requirements, such as reporting and communications between the sponsored project and The ANP, are found in the sponsorship agreement.
What Steps to Take:
- The sponsorship seeker submits a written project proposal.
- The ANP evaluates the porposal.
- If the proposal is approved, The ANP enters into a grantor/grantee relationship with the project contingent on a signed legal sponsorship agreement.
- The project and the sponsor solicit funds.
- The ANP receives funds, deposits them within a designated account at the Cooperative Federal credit union, and disperses funds to the project according to the terms of the sponsorship agreement.
- The project makes periodic written reports to The ANP showing its expenditures and progress.
- We all party down and celebrate the project success!!!
Additional Links:
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