ALEPH Fiscal Sponsorship Program
What is Fiscal Sponsorship?
Fiscal sponsorship is a formal arrangement in which a 501(c)(3) public charity sponsors a project or community that may lack exempt status. This alternative to starting your own nonprofit allows you to seek grants and solicit tax-deductible donations under your sponsor’s tax-exempt status.
How can ALEPH help my project, organization, or community as its fiscal sponsor?
Innovators, social activists, communities – an idea forms to make the world a better place, but you are new to the world of charitable organizations.
- You want to start a Renewal community in your town, and you want to offer your donors and members tax incentives.
- You want to create and activate, but not expend the time and funds to become a 501(c)(3) at this time. You can start working towards your goals much faster!
- You have a short term or time-sensitive project, or you want to test drive an idea for a project.
- You see that there are grants available to further your goals, but they are out of your reach as you are not a 501(c)(3) and that is the requirement.
If any of these apply to your program, Fiscal Sponsorship is the best way to achieve your goals.
As your Fiscal Sponsor, you will receive from ALEPH:
- All contributions to your community/program will be tax-deductible under ALEPH: Alliance for Jewish Renewal’s 501(c)(3) status
- An online donation page that will be personalized to your Community or Project
- Donors will receive receipts for tax purposes
- Donors will receive annual tax letters as per IRS regulations (donor substantiation letters for donations over $250)
- Your community/program will have the ability to apply for grants that require 501(c)(3) status from corporations and foundations
- ALEPH: Alliance for Jewish Renewal will report all donations on our annual 990 tax filing.
- No minimum funds are required as we are committed to helping projects and communities that share ALEPH’s mission.
- Assistance with marketing
- Assistance with start-up
- Features on KolALEPH and our Facebook page
- If needed: Bookkeeping for the community or program (for an additional fee)
How does Fiscal Sponsorship work?
- Allows donors to make tax-exempt contributions to the charitable activities of individuals or unincorporated groups by extending its tax-exempt status to them
- Receives and administers donations on behalf of the sponsored people or organization
- Sponsors projects with a charitable purpose that are consistent with its own mission
- Accepts significant legal and financial risk—so it is important that sponsoring organizations are well-informed and structured to manage these risks, and that unincorporated people and organizations seek experienced sponsors
- Charges an administrative fee for its services—usually a percentage of the budget of the sponsored organization or project