We Serve Those Who Serve Others

Fiscal Sponsor

At Sierra NonProfit Service we are passionate about helping you help our community. One of the services we offer is being a fiscal sponsor for your project. Below is more information about what a fiscal sponsor is, what your project can expect from your fiscal sponsor and what your project will be expected to provide.

So, what is a fiscal sponsor? 

It is a formal arrangement in which a 501(c)(3) public charity sponsors a project that may lack exempt status. This alternative to starting your own nonprofit allows you to seek grants and solicit tax-deductible donations under your sponsor’s exempt status.

What does a fiscal sponsor do for my project?

  • Distribute payments of authorized expense invoices and requests for reimbursements in a timely manner.
  • Reviews grant proposals and advises on suggested revisions prior to submission.
  • Receipt and deposit of tax-deductible donations and grants and provides reports on them.
  • Acknowledgment letters for qualified tax-deductible donations.
  • Retention of all original documents submitted for payment.
  • Submission of financial statements quarterly and upon completion of the project.
  • Reporting of federal, state and local tax returns.
  • Convenes your group of volunteer fundraisers for discussion and agreement on ways/means of fundraising and dispersal of collected funds.
  • Gives a limited amount of hours of pro-bono consulting.

What does the project agree to do?

  • Provide original invoices and requests for reimbursement.
  • Notify the fiscal sponsor prior to any fundraising activities.
  • Provide the fiscal sponsor with timely progress reports as requested about progress towards accomplishing the project.
  • Include fiscal sponsor logo and name in advertising, press releases, and publication of any printed materials.
  • Pay a percentage of donations and/or grants accepted for fiscal sponsor services provided.