FISCAL SPONSORSHIP

News, information and frank talk from Greg Colvin and friends

Gregory Colvin is the author of Fiscal Sponsorship: 6 Ways To Do It Right now in its 3rd edition, co-authored by Stephanie Petit

NEWS

Fiscally sponsored projects helped get out the vote in Georgia

Fiscally sponsored projects helped get out the vote in Georgia

Party control of the U.S. Senate hung in the balance as we waited for Georgia to announce the results of yesterday’s critical runoff election. Besides candidates, parties and PACs campaigning for their sides, many nonprofits actively worked to increase voter awareness and participation for this election. The 501(c)(3) charities, of course, had to remain nonpartisan, but their urging of people to...

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Hometown fiscal sponsorship

Hometown fiscal sponsorship

PETALUMA, CALIF. — Over three decades, I’ve had many opportunities to merge my professional and home life in Petaluma, Calif.. Five years ago, a nearby 58-acre suburban sprawl development proposal took a critical turn, and I saw the need to start a fiscally sponsored environmental project.  With dozens of my neighbors, I’d been involved since 2005 in opposing the construction of 93 luxury homes...

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Brushes with the Law 

Looking back on the year 2012, fiscal sponsorship became ore of a topic of interest to government regulators — the Internal Revenue Service, the California Attorney General, and the California legislature. An advisory committee to the IRS Exempt Organizations office recommended fiscal sponsorship as an alternative to the increasing number of nonprofit corporations being formed and seeking IRS...

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Doing Right by the Projects: Fiscal Sponsorship after IHC  

Recent news in the nonprofit press about the reported collapse of International Humanities Center (IHC), a fiscal sponsor organization based in California, has raised real concerns in the philanthropic world. Projects sponsored by IHC received correspondence from IHC indicating that it was unable to make disbursements in response to their check requests for money to cover current project...

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New article discusses pros and cons of housing a fiscally sponsored project in a limited liability company (LLC)   

Steven Chiodini and Greg Colvin have published an article in Taxation of Exempts this summer that explores a possible new “Model L” for fiscal sponsorship. This article, entitled The Use of LLCs in Fiscal Sponsorship — A New Model, in the Thomson Reuters journal Taxation of Exempts, May/June 2011, is available on the Adler & Colvin website. Some 501(c)(3) public charities that use the Model...

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