Fiscal sponsorship is an activity by which a public charity, tax-exempt under Section 501(c)(3) of the Internal Revenue Code, provides financial and programmatic oversight of unincorporated nonprofit projects that allows those fiscally sponsored projects to receive grants and tax-exempt donations from government, foundations, and individuals.
Most fiscal sponsors provide a suite of supportive services. Ours include financial, human resources, grants management, and insurance.
Community Initiatives is an independently incorporated 501(c)(3) fiscal sponsor. We provide a vehicle for emerging ideas, public-private partnerships, funder collaboratives, and temporary or limited-duration activities that benefit the community. We are the fiscal sponsor for approximately 90 projects with a total of $17.5 million (FY11) in annual revenue.
Locating with a fiscal sponsor such as Community Initiatives frees projects to pursue what they do best: identify and creatively address important needs in their communities.
Community Initiatives believes in the power of community groups to develop fresh, exciting ideas that are of real-time public benefit, and our services can support these efforts in crucial ways. Among other advantages, our services:
Permit new efforts to explore viability without needing to invest in infrastructure from the start
Help funders pool resources for collaborative grant-making
Allow limited-duration efforts to succeed without establishing and then dismantling administrative capacity
Our logo describes our philosophy: Community Initiatives works in service of great ideas.