A Directory staff report
The 2019 third edition of the book that labeled and legitimized the practice of fiscal sponsorship has just been published by Study Center Press.
Fiscal Sponsorship: 6 Ways To Do It Right can be purchased online only at Study Center’s Fiscal Sponsorship Directory site, or by email or phone.
In this new edition, Gregory Colvin has a co-author, Stephanie Petit, a principal at the Adler & Colvin law firm in San Francisco, which leads the charge to embrace the efficiencies of fiscal sponsorship. Together, the co-authors have enriched the book that, when first published in 1993, turned fiscal agents into fiscal sponsors, thus carving a new niche in the nonprofit sector.
Colvin and Petit took the second edition, published 14 years ago, and revised it according to new laws, IRS rulings and court decisions. They’ve incorporated new insights based on the widespread use of crowdfunding, online technology, donor-advised funds and social enterprises.
They’ve expanded the models — particularly popular Models A and C — and included all information about each in its own chapter. And they’ve replaced Model E with a new Model L for limited liability company, such as Burning Man’s Black Rock LLC.
Also for the first time, the book includes a “Grassroots Gallery” — full-color photos of fiscal sponsorship in action that depict projects’ wide-ranging activities in the U.S. and abroad.
“At Community Initiatives, Greg Colvin’s book is viewed as a beacon for solutions-focused leaders. This new edition, with Stephanie Petit as co-author, continues to promote responsible practices and reflects the ever-changing landscape of fiscal sponsorship. It includes a new model and cites policies and practices that pave the way for leaders to explore bold new ideas.” — Ruth Williams, President and CEO, Community Initiatives
“Done right, fiscal sponsorship can be a powerful tool for conducting a charitable project. For more than two decades, this book has been the ‘go to’ resource for practitioners and organizations to learn the rules and find models that work. The new edition adds a new model — the LLC — to the menu of fiscal sponsorship options, paving the way for even more types of charitable projects to move forward in a legally compliant and cost-effective way.” — Celia Roady, Partner, Morgan, Lewis & Bockius LLP
“When I set out at Fractured Atlas to design the world’s first large-scale, tech-enabled fiscal sponsorship program, this book was practically a sacred text. Greg Colvin is the undisputed leading expert on this complex, nuanced legal terrain. With his help (and this book in my back pocket), we managed to craft an elegant hybrid of tech-driven efficiency and essential human oversight.”— Adam Huttler, Founder of Fractured Atlas, and Founder and Managing General Partner, Exponential Creativity Ventures