Erin Bradrick‘s article on fiscal sponsorship published by the American Bar Association’s Business Law Today was made available online last week. Read it here. For lawyers who work with nonprofits and exempt organizations or individuals with philanthropic aspirations, “I want to start a nonprofit” may be the single phrase they hear most frequently. However, the […]
fiscal sponsorship
Fiscal Sponsorship: The Risks of Being a Fiscal Sponsor
Fiscal sponsorship can be an incredibly valuable tool for incubating charitable nonprofit projects and creating efficiencies through the provision of administrative support to several discrete projects. The key to its value lies in how well the fiscal sponsor meets its responsibilities and obligations and understands how to appropriately manage the risks of sponsorship. In this […]
NEO Law Group’s Video on Tips for Nonprofits: Fiscal Sponsorship
Today, NEO Law Group released a new 3 minute video in its series of videos on tips for nonprofits, available on YouTube. This video focuses on fiscal sponsorship and how it can be done properly. We hope that you enjoy it and please stay tuned for additional videos from NEO Law Group on tips for nonprofits.
Best of the Nonprofit Law Blog 2014
Here are some selected highlights from NEO Law Group over the past year that we hope you’ll find helpful. 2014 was also highlighted by an addition to Erin’s family and Michele’s graduation and passage of the bar exam! Amazing year for all of us. Blog Posts Governance What Issues Should a Nonprofit Board Consider Annually? Executive Succession: […]
NEO Law Group’s Video on Tips for Starting a Nonprofit – Alternatives to Forming a Nonprofit
Today, NEO Law Group released a new 3 minute video in its series of videos on tips for nonprofits, available on YouTube. While incorporating a nonprofit and applying for tax exemption may be the right choice in some instances, there may often be a better way to achieve your charitable goals. This video focuses on some possible alternatives to formation, including partnering with an existing […]
National Network of Fiscal Sponsors – Hot Topic Call: Legal
Yesterday, I had the pleasure of hosting a Hot Topic Call on legal issues for the National Network of Fiscal Sponsors. If you’re interested in viewing the accompanying slide deck, you can download it by clicking Hot Topics in Comprehensive Fiscal Sponsorship (pdf). Preview: The focus of the call was on comprehensive fiscal sponsorship (also referred to as […]
Fiscal Sponsorship: A Valuable Option for Grantmakers and Grantees
Yesterday, I had the honor of participating on a panel discussing fiscal sponsorship at the 2014 Grantmakers in the Arts 2014 Conference in Houston. Frances Phillips (Walter and Elise Haas Fund), Melanie Beene (consultant, former CEO of Community Initiatives), and Ian David Moss (Fractured Atlas) were my co-panelists, and we were joined by a very vocal group […]
Fiscal Sponsor Due Diligence
Fiscal sponsorship describes a relationship between an individual or group who have initiated a charitable project, and an existing tax-exempt organization that has agreed to support said project. In the most common form of fiscal sponsorship, “Model A” or comprehensive fiscal sponsorship, the sponsor brings the project in-house. The project has no separate legal existence […]
Fiscal Sponsorship on Nonprofit Radio
On Friday, 10:30 am PT, Emily and I will be discussing fiscal sponsorship with Tony Martignetti on Nonprofit Radio. What is fiscal sponsorship? Why is it important as an alternative to starting a nonprofit? How do you enter into a proper fiscal sponsorship arrangement? Make sure you catch the rest of Tony's show starting at […]
Fiscal Sponsorship & Dormant Projects – Part II: Removing Dormant Projects from the Sponsor’s Books
As discussed in Part I, when to remove an inactive fiscally sponsored project from the books is a critical discussion for fiscal sponsors given the various liability risks they face by allowing defunct projects to fly under their radars. Here, we will address some key considerations for fiscal sponsors in exercising proper oversight of such […]