Fiscal Sponsorship: A Solution for New Nonprofits
MARCH 25, 2014
You just filed for your 501(c)3 designation so the IRS will recognize your group as a tax-deductible nonprofit organization. Congrats! Now you''re ready to start fundraising, but there''s a catch: Your donors can''t give to a tax-exempt organization, and you''re not eligible for grants yet because you aren''t officially recognized as a not-for-profit entity. You''re ready to get your nonprofit''s fundraising off the ground, but you''re stuck until you hear back from the IRS.