Social Impact Fund
750 W. 7th St. #811026
Los Angeles, CA 90081
(917) 653-2513
Website: www.socialimpactfund.org
Contact:
Craig Cichy
Executive Director
craig@socialimpactfund.org
Year organization became a 501(c)(3): 2013
Year of first fiscal sponsorship: 2014
Number of sponsored projects: 30
Fiscal sponsorship fee:
The SIF recommends a minimum $25,000 deposit to establish a fund. The annual minimum fee is $18,000 for deposits of less than $360,000 annually. (The fee is collected through monthly assessments of $1,500.) Then, supplemental fees are assessed for deposits: 5% for between $360,000 to $500,000; 3.5% for between $500,000 and $2.5 million; 2.5% for more than $2.5 million.
Eligibility criteria:
- Aligned mission/values
- Type of service
- Has an advisory group
- Other: Programs applying for fiscal sponsorship with the Social Impact Fund are commonly focused on creating social change or making a meaningful impact to the community-at-large. Sponsored programs vary in budgets, bandwidth, geographic focus and missions. Programs should have a clear understanding of fiscal sponsorship structure, implement a strong fundraising strategy and provide examples of existing pledges/donors.
Types of projects or services we sponsor:
- Children, youth and families
- Disaster relief
- Drug treatment
- Economic development
- Education
- Environment/sustainable growth
- Health/nutrition
- Housing
- Mental health
- People or communities of color/minorities
- Political advocacy/social justice
- Social services
- Transportation
- Women
- Youth development
- Other: Criminal justice reform
Services we offer projects:
- Auditing
- Bill paying
- Bookkeeping/accounting
- Insurance
- Legal services
- Organizational development
- Tax reporting
Based on Fiscal Sponsorship: 6 Ways to Do It Right: Our model(s) of fiscal sponsorship are:
- Other: SIF operates as a hybrid model (A & C), taking on functions of Model A sponsorships (bill paying, grant making, other functions), but is contracted as a Model C (pre-approved grantee).
Organization description:
The Social Impact Fund was founded to inspire efficient and accessible philanthropy. We engage with change-making leaders in the entertainment and creative communities, and beyond, to accelerate their social impact. By removing the common administrative burdens to “doing good,” SIF aims to accelerate philanthropy by supporting an exciting, diverse network of social change-makers through fiscal sponsorship.