Fiscal Sponsorship
![](https://hcbf.org/wp-content/uploads/2024/03/fiscal-sponsorship2-1024x467.jpg)
What is Fiscal Sponsorship?
Fiscal sponsorship is a mutually beneficial arrangement where a nonprofit organization (the fiscal sponsor) provides administrative support and oversight to a project, program, or emerging nonprofit (the sponsored project) that has not yet obtained its own tax-exempt status from the IRS. Essentially, the fiscal sponsor acts as the legal and financial umbrella for the sponsored project, enabling it to receive tax-deductible donations and grants.
How does fiscal sponsorship work?
The fiscal sponsor extends its tax-exempt status to the sponsored project, allowing it to receive charitable donations and grants.
The fiscal sponsor manages financial transactions, provides accounting services, and ensures compliance with legal and regulatory requirements on behalf of the sponsored project.
The sponsored project retains programmatic control and independence while benefiting from the fiscal sponsor’s infrastructure and expertise.
What are the benefits of fiscal sponsorship?
Immediate access to tax-deductible donations and grants, enhancing fundraising capabilities.
Administrative support, including financial management, compliance oversight, and access to resources such as insurance and human resources.
Credibility and legitimacy associated with partnering with an established nonprofit organization.
What should I consider when selecting a fiscal sponsor?
Alignment of mission and values between the sponsored project and the fiscal sponsor.
Track record and reputation of the fiscal sponsor, including its financial stability and organizational capacity.
Clarity on the terms and conditions of the fiscal sponsorship agreement, including any fees or administrative charges.
Is fiscal sponsorship a long-term arrangement?
Fiscal sponsorship can be temporary or long-term, depending on the goals and needs of the sponsored project.
Some projects may transition to independent nonprofit status once they have established sufficient capacity and infrastructure.
What are the typical responsibilities of a fiscal sponsor beyond financial management?
Fiscal sponsors often provide additional support beyond managing finances. This might include offering guidance on fundraising strategies, providing access to networking opportunities, or assisting with program development and evaluation.
Are there restrictions on the types of entities that can seek fiscal sponsorship?
While many types of entities can benefit from fiscal sponsorship, some fiscal sponsors may have specific focus areas or mission priorities. It’s essential for entities to align with the fiscal sponsor’s mission to ensure a successful partnership.
How do fiscal sponsorship fees typically work, and what do they cover
Fiscal sponsorship fees can vary depending on the fiscal sponsor and the services provided. Understanding what these fees cover, whether it’s administrative support, insurance coverage, or other resources, can help entities budget effectively and assess the overall value of the partnership.
What steps should I take to prepare for entering into a fiscal sponsorship agreement?
Before entering into a fiscal sponsorship agreement, it’s essential to do your research. This might include researching potential fiscal sponsors, clarifying your entity’s goals and needs, and seeking legal advice to ensure you understand the terms of the agreement fully. Additionally, having a clear project plan and budget in place can facilitate discussions with potential fiscal sponsors.
Fiscal sponsorship offers a flexible and cost-effective pathway for emerging nonprofits and charitable projects to pursue their missions effectively while leveraging the support and resources of established organizations. If you’re considering fiscal sponsorship for your project, reach out to potential fiscal sponsors to explore how this arrangement can support your goals and advance your impact in the community.
Land Use Study Workshop
HCBF hosted a community workshop to share the study findings. We have shared a recording of the presentation (in both Spanish and English) and other resources from the workshop.Click Here to View More >
- Public Health and Environmental Justice
- Road and Rail Mobility, Safety and Infrastructure
- Land Use
- Hazardous and Polluting Land Uses
- Access to Neighborhood Goods and Services
- Employment and Real Estate
- Recommendations and Next Steps
Off-Port Land Use Study Workshop Resources Toolkit – Coming soon!
WORKSHOP RESOURCES
Presentation
Group Activity Materials
- Instructions for Map Activity (English & Spanish)
- Discussion Questions & Notes Handout (English or Spanish)
Handouts Related to the Study
Miscellaneous Materials:
- Sample Agenda (English or Spanish)
- Evaluation Form (English & Spanish)
- Sign-in Sheet (English & Spanish)
- Child-care Sign-in Sheet (English & Spanish)
Comments & Feedback
We would love to get feedback from local partners. To provide comments, you can contact Meghan (meghan@hcbf.org) or Tamanna (tamanna@hcbf.org) or submit your feedback online using this link, CLICK HERE. Please note that this page will be updated. If you have any suggestions or comments, please contact HCBF. Thank you!Additional Resources
Fact Sheet (English & Spanish) Executive Summary (English or Spanish) Introduction (English or Spanish) Recommendation (English or Spanish) Pathway Diagrams (English or Spanish)Next Steps
Here are some of HCBF’s near future plans for sharing the study: – Conduct more presentations – Create a Land Use Study Workshop Toolkit (in progress) – Share with local Counsel District and Planning Department – Share with local universities This list serves only as a first step in dissemination of the study. If you would like to provide suggestions, or if you have questions, please contact Meghan Reese (meghan@hcbf.org) or Tamanna Rahman (tamanna@hcbf.org). Anyone who is organizing an event and/or would like a shortened presentation of the land use study, please contact HCBF for more information.In 2012, HCBF commissioned a noise study in the community of Wilmington to assess and identify the noise impacts of the Port of Los Angeles and related operations. The San Pedro Noise Study is a follow up to the Wilmington Noise Study in order to ensure that equitable attention is given to both of the communities we serve.
The Jones Payne Group and Landrum & Brown conducted this assessment with the purpose of surveying the San Pedro community to determine areas, including schools and residences, which are potentially affected by noise from Port-related operations. You can view the study and a letter from the HCBF Board of Directors by clicking on the links below:
Letter from the HCBF Board of Directors
Port-Related Noise Impact Study for Community of San Pedro, California
HCBF has completed a four-part noise impact assessment in Wilmington to establish the zones of greatest noise impact from the TraPac terminal. The following reports are available to download:
Report #1: Noise Measurement
Report #2: Criteria and Prioritization Recommendations
Report #3: Noise Contour Development Methodology
Report #4: Property Inventory and Mitigation Recommendations