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Entries by dj@L7marketing.com
SC4Y Fiscal Sponsor
A fiscal sponsor is a non-profit organization that provides fiduciary oversight, financial management and other administrative services.
This offers a way for a non-profit, often newly formed, to attract donors when it is not yet recognized as a tax-exempt organization. Charitable contributions are given to the fiscal sponsor, which then grants them to support the cause. This is a normal practice that can be beneficial to a small/start-up nonprofit…