Fiscal Sponsorship: 6 Ways To Do It Right, 3rd Edition


Fiscal Sponsorship: 6 Ways To Do It Right, 3rd Edition This indispensable resource on the well-established, widespread use of fiscal sponsorship in the nonprofit sector describes models of sponsorship that have been approved and accepted by the IRS — how the models work, how they differ and how they are similar. First published in 1993, this third edition includes the new Model L and has been expanded throughout by co-authors Gregory L. Colvin and Stephanie L. Petit, both attorneys with Adler & Colvin, a San Francisco law firm specializing in nonprofit law.
“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



From the Preface, Fiscal Sponsorship: 6 Ways To Do It Right “The entire book has been revised, taking advantage of new laws, rulings and court decisions, as well as the enormous real-world progress made by innovative fiscal sponsors. • We now have IRS rulings and court cases that show how fiscal sponsorship can be done well and badly. • A major collapse of a fiscal sponsor in California led to new legislation installing an early warning system to detect when funds held by a sponsor may be dangerously depleted. • We’ve added new insights on the use of crowdfunding, online technology, donor-advised funds and social enterprises. • Most importantly, we’ve expanded our treatment of each model so that most of what you need to know about that model is in one place. • We continue, in the Postscript, to provide readers with new material and insights, both legal and practical, that affect the conduct of fiscal sponsorship beyond the features of specific models. We’ve seen many fiscal sponsors use new online tools to communicate with project leaders, manage the documentation inherent to fiscal sponsorship, and help projects raise money.”

Additional information

Weight 11.3 oz
Dimensions 10 × 7 × .2 in