Fiscal Sponsorship Program
Fiscal sponsorship is a core service of Community Futures Collective (CFC), which provides its members with assistance in funding and developing their projects and programs. CFC selects projects that work in harmony with one another and that provides visionary leadership and necessary services to underrepresented communities. Specifically through it's fiscal sponsorship program, Community Futures Collectives encourages funding agencies and contributors to take risks in funding new projects while ensuring that there is professional oversight and that funds are spent according to funder's guidelines.
Community Futures Collective is a small, personal organization that promotes visionary projects that serve their communities effectively and with compassion and promote self-sustainability. We believe that collaboration enhances each of the organizations that CFC sponsors. We keep the process as simple as possible, minimizing unnecessary paperwork, but stressing accountability.
Fiscal Sponsorship through Community Futures Collective provide the following services:
- Access to grants and tax-deductible contributions through fiscal sponsorship, including monetary or in-kind donations
- Staff consultation on writing appeal letters, grant applications and reports to funders
- Formal acknowledgement to funding sources, including tax deduction letters to donors for cash or in-kin contributions
- Administration of grant funds to ensure that expenditures are in keeping with original proposals and contracts
- Ability to receive credit card donations via our website
- Management of funds deposited at CFC, including bookkeeping, IRS reporting, check writing, and quarterly account statements.
- Tracking of fees paid to individuals and administration of 1099 tax forms.
Please note that CFC does NOT award grants or apply for grants on behalf of its members, unless specifically designated in individual Memorandum of Understanding.
Past and Current Members:
Black August International 2003; Black Mesa Relief program; Expressions Art Gallery, Common Ground Relief, National Coalition to Free the Angola Three, Seventh Native American Generation Magazine, Each One/Save One, SF Bayview Expansion Project and the Advocates for Indigenous California Language Survival.
Membership Requirements and Procedures
Memorandums of Understanding are signed for duration of project.
Grant Applications: CFC must be informed of the intent to apply for any grants prior to their submission, as least one week beforehand if supporting materials are being requested. For the first grant written for any aspect of the project, a draft must be submitted to CFC at least one week in advance of deadline and approval must be obtained. Thereafter, CFC must receive copies of any applications or correspondence with funders. Submission of final reports is the responsibility of each sponsored project.
Fees: CFC maintains a sliding scale preferring to charge 0-2% one-time and support ongoing projects to obtain their own non-profit status for future grants.
Accessing Funds: Sponsored projects must comply with all restrictions or requirements imposed on funds by their donors. Funds are available for disbursement one week after funds are deposited with CFC. Funds may be released for expense reimbursements, payment to vendor, or payments to individuals for services rendered. In order to receive disbursements, the project must submit to CFC a Request for Payment form along with the appropriate receipts of invoices. Checks are issued once each week.
Additionally, sponsored projects are required to:
- Spend funds deposited with CFC only for purposed of the charitable project, in accordance with the approved project budget.
- Inform CFC promptly regarding any changes in the project's plan, the project's tax status, or the project's leadership.
- Keep CFC informed of all activities and include CFC in all mailings announcing public events.
- Provide drafts of any letters to be mailed to potential donors.
- Report to the IRS any income paid by CFC directly to project personnel for work related to project.
- Acknowledge Community Futures Collective on the project's website, mailers, posters, programs and publications.
- If a group project, file for a separate Federal Employer Identification Number (FEIN) on behalf of the project. Call the IRS at (800) 829-4933 or click the links below.
For more information, please contact:
Marina Drummer, email@example.com (707) 486-6806