Philanthropy MA serves as a fiscal sponsor for a number of funders throughout the region.
The intent of fiscal sponsorship is to provide a 501(c)(3) charitable tax exempt status for the benefit of incorporated and unincorporated entities operating for charitable purposes. All programs and related activities must have alignment with Philanthropy MA’s mission, which is to promote the practice and expansion of effective and responsible philanthropy to improve the health and vitality of its region.
Your program must meet the following criteria to be considered eligible for the Philanthropy MA Fiscal Sponsor program:
- Align with Philanthropy Massachusetts’ mission and strategies
- Based in and serving Massachusetts communities
- Demonstrated commitment to diversity, equity and inclusion
- the initiative, program or organization is uniquely positioned to do what it does
- Has a minimum annual budget of $50,000
- First priority will be given to emerging grant making foundations or programs, donor collaboratives, or philanthropy-serving organizations or projects. Additional consideration will be given to emerging nonprofits or issue-specific programs or projects in subsectors (health, education, arts, etc.)
Philanthropy MA Services include:
- handling accounts receivable and deposits
- handling accounts payable and check-writing
- providing quarterly statements of the account
- handling all state and federal filings
For more information, contact Alex McCray, Interim Co-Executive Director by email or 617.426.2606 x112.
Other resources to research fiscal sponsorship:
- National Council of Nonprofits has a resource page on fiscal sponsorship including links to other orgs that might be able to help https://www.councilofnonprofits.org/tools-resources/fiscal-sponsorship-additional-resources
- The Fiscal Sponsor Directory https://fiscalsponsordirectory.org