Fiscal Sponsorship
Our Fiscal Sponsorship program offers comprehensive administrative and financial management support to emerging individuals, nonprofits, and community projects. By providing these essential services, we enable organizations to focus on their mission and maximize their impact without the burden of complex administrative tasks.
What We Offer
-
Administrative Support
We handle the day-to-day administrative tasks that can often overwhelm small and emerging nonprofits. This includes managing paperwork, maintaining compliance with state and federal regulations, and ensuring that all necessary filings are completed on time.
-
Financial Management
Our team provides expert financial oversight, including budgeting, accounting, and financial reporting. We help manage funds effectively, ensuring transparency and accountability in all financial matters.
-
Tax-Exempt Status
As a fiscal sponsor, we extend our tax-exempt status to your project, allowing you to receive tax-deductible donations and grants. This can be a crucial advantage for new organizations seeking funding.
-
Grant Management
We assist with grant applications and management, ensuring that funds are used appropriately and that reporting requirements are met. This allows your organization to focus on program delivery rather than the complexities of grant administration.
-
Fundraising Support
Our experienced team provides guidance on fundraising strategies, helping you to identify potential funding sources and develop effective campaigns to secure the resources you need.
-
Compliance and Risk Management
We ensure that your project complies with all relevant laws and regulations, mitigating risks and protecting your organization's integrity and reputation.
How It Works:
1. Application and Agreement:
Organizations interested in fiscal sponsorship apply to our program. Once accepted, we work together to establish a clear agreement outlining the roles and responsibilities of both parties.
2. Operational Integration:
We integrate your project into our administrative and financial systems, providing you with the support needed to operate efficiently and effectively.
3. Ongoing Support:
Our team remains engaged, offering continuous support and guidance as your project grows and evolves. We provide regular financial reports and updates to keep you informed and empowered.
Benefits of Fiscal Sponsorship:
1. Focus on Mission:
By handling administrative and financial tasks, we allow your organization to concentrate on what matters most—achieving your mission and positively impacting the community.
2. Increased Credibility:
Partnering with an established fiscal sponsor like 2Wanda Community Foundation can enhance your credibility with donors, grantors, and community partners.
3. Access to Resources:
Benefit from our extensive network of resources, including professional advisors, training programs, and fundraising opportunities.
4. Cost Efficiency:
Sharing administrative and financial management services can be more cost-effective than developing these capabilities in-house, particularly for small or start-up organizations.