Starting a Nonprofit

What I'm learning about Fiscal Sponsorship for Nonprofits

I'm going to this workshop this afternoon at the Foundation Center about Fiscal Sponsorship. It seems like I have been spending the last couple of months thinking about Fiscal Sponsorship not only from the perspective of a nonprofit that provides Fiscal Sponsorship, but also looking at start-up nonprofits and what fiscal sponsorship means to them.  Here's what I've learned so far.

First, I learned that fiscal sponsorship is not something that nonprofits should just jump into quickly. When I came into Aspiration, we had a fiscal sponsorship agreement in place, however after working with my Attorney and reading the book, "Fiscal Sponsorship--6 Ways to Do It Right" by Gregory Colvin. I realized that we needed to have a stronger agreement with the new organizations we were sponsoring. We are what the book defines as Model C--"A Preapproved Grant Relationship" with the new organizations we sponsor. It took us a while to get all this figured out and we are still working to do this the right way.

A couple Nonprofit Start Up Links

Here are a couple of nonprofit start-up links that I found on some of the listservs that I subscribe to.

  • The Things You Gotta' Do to Start a Nonprofit Organization. The Checklist Project of The Nonprofit Coordinating Committee of New York (NPCC).
    http://www.npccny.org/checklist.htm
  • "From Vision to Reality" A great book from Community Resource Exchange. Through worksheets, model documents and plain spoken explanations, this 250-page handbook will guide you on how to design an effective program, create a budget, raise money, form a board of directors, hire staff and take all the steps you need to launch a successful nonprofit.
    http://www.crenyc.org/
     
<p class="MsoNormal">(Originally posted on nyc@lists.ynpn.org, http://www.ynpnnyc.org/)<a href="http://www.rain.org/mailman/listinfo/nonprofit"></a></p>

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