FISCAL SPONSORSHIP PROGRAM
Part of the philosophy of the Amador Community Foundation is that the most effective and innovative projects are often initiated at the grassroots community level. Many of these projects are too small or too new to have yet secured IRS recognition of their charitable status.
The Amador Community Foundation, for a nominal fee, provides qualified emerging and transitioning nonprofits with fiscal sponsorship, which includes operating under ACF’s 501(c)(3) umbrella, an existing back-office infrastructure, and the support of nonprofit management expertise.
Temporary projects may also be ideal candidates for fiscal sponsorship because this allows the project to focus on achieving its program objectives rather than the administrative issues and costs inherent in establishing a new corporation seeking IRS recognition of charitable status.
To be considered for fiscal partnership, any project must have a genuine charitable intent.
How to Apply
There are many well-intentioned ideas for nonprofit ventures. The Amador Community Foundation looks to support those ideas that are most likely to make a positive difference in Amador County and most likely to succeed in the competitive nonprofit funding environment. Charitable groups must apply to become an ACF project.
If your project plan meets our criteria and is ready for fiscal sponsorship, we encourage you to apply.
Application
The application deadline for fiscal sponsorship is the first business day of the month. Applications are reviewed monthly by ACF’s selection committee in a review process that takes approximately four to six weeks. We do not review applications in December. Download Fiscal Sponsorship Application
If you have questions while completing the application, please contact John Williamson, Executive Director, at 209-223-2148 or jwilliamson@acfgives.org
What ACF provides to Fiscal Sponsors:
- Reporting of federal, state, and local tax returns.
- The ability to be a 501c3, which makes your organization eligible to receive many grants and tax-deductible donations.
- Receipt and deposit of tax-deductible donations and grants.
- Timely payment of disbursements.
- Retention of all original documents submitted for payment.
- Periodic financial statements or as requested.
- Use of Attorney General’s raffle permit.
- Facilitates General Liability Insurance for Fiscal Partner.
- Special Event Insurance for events.
- Use of liquor permit for events serving alcohol.
Responsibilities of Fiscal Sponsors:
- State in all advertising and printed materials that they are a fiscal partner of Amador Community Foundation.
- Contributions must be directly received by Amador Community Foundation to be considered a charitable gift. No separate bank account shall be maintained. Must deposit all contributions through Amador Community Foundation.
- Provide original invoices and requests for reimbursement (with authorized signatures). Amador Community Foundation Board approves all payments. Reimbursement requests take a minimum of 48 hours to process.
- Stay in good standing with the community.
- Notify Amador Community Foundation 45 days prior to initiating any fundraising activities.
- Notify Amador Community Foundation 30 days before organizing, advertising, and conducting any raffles.
- Notify Amador Community Foundation of any events serving alcohol 45 days or more prior to the event to ensure approval.
- Agree to name Amador Community Foundation as a named insured for any general liability procured on behalf of the Fiscal Partner. Agree to name Amador Community Foundation as an additional insured in any independent insurance for a specific event procured on behalf of the Fiscal Partner.
- Notify Amador Community Foundation prior to submitting any grant applications or letters of intent.
- Pay Amador Community Foundation a small fee for every dollar the Fiscal Partner generates (Gross, not Net).
Contact the Amador Community Foundation for their current fee structure.
Simply put, the Amador Community Foundation improves the quality of life for the citizens of Amador County today and for generations to come.
We connect local generosity with local needs.