What Is It?
Fiscal sponsorship is an alternative to starting your own 501c3 non-profit organization.
Fiscal sponsorship means a nonprofit organization (the “fiscal sponsor”) agrees to provide administrative services and oversight to, and assume legal and financial responsibility for, the activities of groups or individuals engaged in work that furthers the fiscal sponsor’s mission.
Having a fiscal sponsor can be a more efficient, and less expensive, alternative to starting your own 501c3 non-profit organization.
A Better Way Foundation exists to help justice-centered organizations thrive.
The groups that we fiscally-sponsor are led by brave, committed, passionate community leaders and organizers dedicated to organizing for justice in their communities and across the state. They did not start organizing because they wanted to learn non-profit administration, or non-profit finance. They started organizing in response to injustice in their community, and then realized that building an organization or group is a necessity for the work to be sustained.
If that sounds like you, reach out to us today to learn more about you, your needs, and whether fiscal sponsorship at A Better Way Foundation might be a good fit for you.
Doesn’t sound like you? Or, sounds like you a few years ago? Perhaps you are a well-established group, but not sure that your fiscal sponsor is the right fit. Complete the Inquiry Form below to assess whether ABWF might be a better fit for you and your group.
What services does A Better Way Foundation offer?
1. Provide 501(c)(3) legal and tax status, which allows for access to grant funding
2. Property and general liability insurance
3. Bookkeeping & Monthly Financial Statements
4. Employee benefits management
5. Payroll administration and tax filing
6. Organizational Capacity Building and Support
How much does it cost?
The fiscal sponsorship fee at A Better Way Foundation is a range based on several factors— the size of your budget, how long your group has existed, and your growth plans for the future. The current fee range is 6-10% of your budget.
How do I apply?
1. Inquiry form opens January 1 - March 30
2. Initial meeting to assess organization needs
3. Invitation to apply
5. Decisions go out by April 30
Once you have completed the inquiry form, our team will reach out to you to schedule an initial meeting to assess your needs within 2 weeks.
We are accepting 6 new groups for fiscal sponsorship in 2023.
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