“We were early and enthusiastic supporters of fiscal sponsorship. The service provided by Community Initiatives adds flexibility and effectiveness to our grant making.”
Thomas C. Layton
PRESIDENT
THE WALLACE ALEXANDER GERBODE FOUNDATION
Thomas C. Layton
PRESIDENT
THE WALLACE ALEXANDER GERBODE FOUNDATION
Please review our process before submitting an application for fiscal sponsorship.
If, after discussion with Community Initiatives staff, you wish to apply for fiscal sponsorship for your unincorporated community-benefit project, please submit the following materials to our offices by mail, or email Prudy@Communityin.org according to our submission deadlines:
First-year Budget
Every project applying to Community Initiatives must provide $24,000 in identified funding (in-hand or formally committed) to be considered for fiscal sponsorship. Evidence of this financial “floor” should be submitted in the form of a first-year budget at the time of application. If you like, you may use our budget template to provide the information.
Advisory Committee
Every Community Initiatives fiscally sponsored project must maintain an Advisory Committee with a minimum of three persons. No more than 49 percent of the members of the Advisory Committee may be paid by the project. (In other words, the majority must be unpaid.)
The Advisory Committee must, at minimum, assume the following joint responsibilities:
1.
A completed Fiscal Sponsorship Applicant Questionnaire
2.
A letter requesting fiscal sponsorship for your project. It should include:
•
A brief outline of the proposed project (usually three to four pages) that describes its nonprofit purpose, scope, target beneficiaries, and vision of success.
•
A draft of the first-year budget ($24,000 minimum), including a line-item expense for “fiscal sponsorship fee” (see Fees).
•
A list of Advisory Committee members (a minimum of three) with their email addresses and brief biographies.
First-year Budget
Every project applying to Community Initiatives must provide $24,000 in identified funding (in-hand or formally committed) to be considered for fiscal sponsorship. Evidence of this financial “floor” should be submitted in the form of a first-year budget at the time of application. If you like, you may use our budget template to provide the information.
Advisory Committee
Every Community Initiatives fiscally sponsored project must maintain an Advisory Committee with a minimum of three persons. No more than 49 percent of the members of the Advisory Committee may be paid by the project. (In other words, the majority must be unpaid.)
The Advisory Committee must, at minimum, assume the following joint responsibilities:
•
Sign the fiscal sponsorship agreement
•
Hire, supervise, and terminate when necessary the fiscally sponsored project’s Project Director
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