Jumpstart Your Charitable Project with a Fiscal Sponsorship
A noble endeavor driven by good intentions and honorable efforts, is a charitable project. The IRS sets the standard on which projects and organizations can earn the philanthropic title. Due to these standards, partnering with an established charity, like Legacy, through a fiscal sponsorship can be a strategic choice to jumpstart your charitable project.
The Charitable Partnership: The Fiscal Sponsorship
A fiscal sponsorship allows your program to operate under the umbrella of an established charitable organization like Legacy. This partnership grants your program immediate access to the sponsoring organization’s tax-exempt status. As a result, you can accept tax-deductible donations from individuals and foundations, enhancing your fundraising potential. By leveraging Legacy’s existing nonprofit status, you eliminate the need to establish your own nonprofit organization. This can be a lengthy and complex process, that a fiscal sponsorship agreement would avoid.
Additionally, one of the significant advantages of a fiscal sponsorship is the administrative support provided by the sponsoring organization. Legacy, as a fiscal sponsor, offers invaluable assistance with financial management, bookkeeping, payroll, and ensuring compliance with legal and regulatory requirements. In any event, these administrative tasks can be time-consuming and require specialized expertise. By offloading these responsibilities to Legacy, your organization can focus more on furthering your charitable mission.
By partnering with a reputable fiscal sponsor like Legacy, your program receives instant credibility and trust to your charitable initiatives. This proven track record, supported by the organization’s reputation and longstanding commitment to philanthropy, encourages donors and supporters to contribute. These charitable organizations, like Legacy, assure our potential donors that we will use these contributions effectively and ethically. Therefore, this would be able to lead to move availability in funding, networking, and collaboration opportunities.
By joining forces with Legacy, your organization can focus on creating positive change. Remain confident that the administrative and operational aspects are in capable hands, taking your charitable initiatives from ideas to impact. So, consider opening a Fiscal Sponsorship with Legacy to take your charitable initiatives to the next level.