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

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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IRS Promotes Disaster Relief Sponsorship 

In a bulletin issued September 6, 2005, the Internal Revenue Service provided guidance to those interested in forming new organizations for relief of Hurricane Katrina victims, IR-2005-93, found here. The IRS also promoted the concept of fiscal sponsorship of relief projects through charities already in place, saying: “Use of existing charitable organizations is encouraged because such...

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