Frequently Asked Questions
What is fiscal sponsorship?
Fiscal sponsorship is when a 501(c)(3) extends its legal and tax-exempt status to an organization that doesn't have its own. The sponsored organization raises and spends money under the Sponsor's exemption, and the Sponsor retains legal and financial responsibility for how the funds are used in exchange for an administrative fee.
Why is Crowded offering fiscal sponsorships?
A very limited number of fiscal sponsorships are offered through the Crowded Foundation. The Crowded Foundation is a separate 501(c)(3) nonprofit.
Does the Crowded Foundation offer Model A or Model C fiscal sponsorship?
At the moment, the Crowded Foundation offers fiscal sponsorships through Model C, but is looking to expand to Model A in the future. Feel free to reach out to us with thoughts or concerns about model type.
What does it mean to get a fiscal sponsorship from the Crowded Foundation?
If you're running an initiative, but you don't have the resources to become a 501(c)(3) nonprofit, get quick access to grant eligibility and tax-deductible donations by getting a fiscal sponsorship from the Crowded Foundation. The Crowded Foundation extends its tax-exempt status onto your project!