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
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 […]
Fiscal Sponsorship & Dormant Projects – Part I: Liability Risks
At the recent “Understanding Fiscal Sponsorship in the Arts" workshop sponsored by the Creative Capacity Fund, an audience member in our legal issues workshop asked about the appropriate length of time to keep dormant projects on the fiscal sponsor’s books. While there is no legally mandated timeline, boards of fiscal sponsors should at a minimum discuss […]
Understanding Fiscal Sponsorship in the Arts – Creative Capacity Fund
On Monday, Gene and I had the pleasure of speaking at the “Understanding Fiscal Sponsorship in the Arts” workshop in San Francisco sponsored by the Creative Capacity Fund. There was an overwhelming attendance with over 150 registered participants comprised of current fiscal sponsors and fiscally sponsored projects as well as those considering becoming fiscal sponsors […]
Fiscal Sponsorship is Maturing as a Field
There is a terrific article on fiscal sponsorship written by Melanie Beene, President and CEO of Community Initiatives*, in the Fall 2010 issue of GIAreader (published by Grantmakers in the Arts). In "Fiscal Sponsorship is Maturing as a Field," Beene describes the evolution of the practice of fiscal sponsorship and emergence of a set of […]
Emerging Leaders Program: Center for Volunteer and Nonprofit Leadership
The Emerging Leaders Program (ELP) of the Center for Volunteer and Nonprofit Leadership "addresses the core competencies needed to effectively manage organizations and complex programs as well as the leadership skills one needs to be successful within our quickly changing sector." Last week, Emily Chan and I spoke to the ELP group on various legal […]
Tweets of the Week – 5/21/10
Here are some of my favorite posts of the week: GTak: UK Prime Minister David Cameron says social enterprise is key to Big Society reform http://is.gd/cgjNs GTak: Reprieve? IRS Commissioner tells organizations to file 990 even if the deadline has now passed. http://bit.ly/aBiAa p2173: LawForChange – legal network for social entrepreneurs http://bit.ly/box3dR jessamynlau: Commonwealth Club […]
Legal Entities for Innovation – ReVV 2010
I am participating on a panel this afternoon at the ReVisioning Value 2010 Conference in Portland, Oregon, discussing legal entities for innovation. Among the alternative ways you may structure a social venture: within an existing nonprofit. as an affiliate/subsidiary (nonprofit or for-profit) of an existing nonprofit. as an independent nonprofit. as a fiscally sponsored project of an existing […]
Tweets of the Week – 3/12/10
Here are some of my favorite posts of the week: GTak: Risk, Return and Social Impact: Demystifying the Law of Mission Investing by U.S. Foundations – http://bit.ly/bd1eLy GTak: Fiscal Sponsors = Fiscally Responsible – http://bit.ly/doGpp0 (Tides Blog) – Thanks for the cite! http://bit.ly/90E3eR npquarterly: What's the truth behind nonprofit CEO pay? http://bit.ly/cLrUSz RootCause: Efforts to […]
Tweets of the Week – 2/19/10
Here are some of my favorite posts of the week: GTak: Fiscal sponsorship – it's more than you think – http://is.gd/8kufd (Sarah Todd, Georgia Center for Nonprofits) GTak: L3C: Useless Gadgets? http://is.gd/8sYcY (American Bar Association Business Law Today – Nonbinding Opinion) GTak: Program-Related Investment Promotion Act of 2009 – L3Cs seek IRS recognition of ability to […]