Social Impact Fund
750 W. 7th St. #811026
Los Angeles, CA 90081
(917) 653-2513
Website: www.socialimpactfund.org
Contact:
Craig Cichy
Managing Director
craig@socialimpactfund.org
Year organization became a 501(c)(3): 2013
Year of first fiscal sponsorship: 2014
Number of sponsored projects: 11
Fiscal sponsorship fee:
The SIF requires a $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 payments of $1,500.) Then, when annual deposits exceed $360,000, the fund retains 5% of deposits from $360,000 to $499,999, after the annual fee is reached. Then, once annual deposits reach $500,000, the fund reduces its fee to 3.5% for any deposit exceeding $500,000.
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:
- Model C, Preapproved Grant Relationship
Organization description:
The SIF is organized to create a nonprofit vehicle to host charitable efforts, particularly for those programs that have not yet, or will not, gain a 501(c)(3) determination from the IRS. It serves as a fiscal sponsor for charitable programs that advance the social good and make a positive difference in the world-at-large.