28 January 2009
Quinta Essentia
Fiscal Sponsorship ProgramFiscal 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 funder and donors to projects, activities, ideas, and organizations that share the fiscal sponsor’s mission." (from The Tides Center)
The
Alchemical Nursery's Fiscal Sponsorship Program ~~ The Quinta Essentia ~~ is designed to assist individuals, groups and organizations who are seeking financial support for projects with an affinity to the Alchemical Nursery mission. The Alchemical Nursery 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. Contact Program Administrator Jason Gallagher for more information or to submit a Project Proposal Letter ~~~ (
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or 315.876.9771)
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 Alchemical Nursery 501(c)3 umbrella designation
- Free email @alchemicalnursery.org domain
- General community outreach and free publicity, including being featured on our website
- Fundraising opportunities such as the "Network For Good Donate Now" button (on our website and yours)
- Provision of letters of support for fundraising activities
- Preparation and distribution of acknowledgement letters for tax deductible donations (for donations of $250 or more)
- Real time, online provision of balance statements
- Fundraising, grant writing, and administrative guidance as appropriate
What you need to know:
- Applicants must submit a project proposal letter, resume and references
- Allow 4-6 weeks for review and decision by the Board of Directors
- Applicants are required to sign a legal sponsorship agreement
- An initial one-year minimum period is suggested for our fiscal sponsorship relationship to facilitate continuity of sponsorship activities
- The Alchemical Nursery keeps a pecentage of donated funds to cover administrative costs
- 10 % for all individual donations, grants, and government disbursements
- 5 % for non-cash donations
- Additional requirements, such as reporting and communications between the sponsored project and The Alchemical Nursery, are found in the sponsorship agreement.
What Steps to Take:
- The sponsorship seeker submits a written project proposal.
- The Alchemical Nursery evaluates the proposal.
- If the proposal is approved, The Alchemical Nursery enters into a grantor/grantee relationship with the project contingent on a signed legal sponsorship agreement.
- The project and the sponsor solicit funds.
- The Alchemical Nursery 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 Alchemical Nursery showing its expenditures and progress.
- We all party down and celebrate the project success!!!
Additional Links:
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