Jumpstart’s fiscal sponsorship program is designed to provide a simple solution to forming a new charitable project. The idea is to lower the cost of market entry, speed time to action, and provide basic management skills to project leaders who hope to grow their initiative into a 501(c)(3) nonprofit corporation. Sponsored projects operate under Jumpstart’s supervision and tax-exempt status, allowing them to take charitable donations and receive grants from foundations. Jumpstart’s compliance regime assures those funds are managed in accordance with IRS guidelines, and use for IRS-approved charitable purposes. Funds for sponsored projects appear on Jumpstart’s federal tax-filing, and may request funds from their sequestered account at Jumpstart by providng documenation of their use for charitable purposes. This type of fiscal sponsorship, sometimes called “re-granting” or “Model C” allows project leaders to focus on building their program and acquiring resources necessary for their success.
Fiscal Sponsorship FAQs