Easy to Establish
As a 501 (c)(3) public charity, RPA can act as a fiscal sponsor to charitable projects, enabling them to quickly and efficiently conduct targeted charitable activities, create grantmaking programs and receive U.S. tax deductible donations through the creation of a Sponsored Project Fund. RPA can also provide an administrative and programmatic platform to assist the management of a project at any stage of its development.
Fiscal sponsorships are often utilized when an initiative wishes to conduct charitable activities but does not have the 501 (c)(3) tax status necessary to accept funding from donors, foundations or government agencies. By establishing a Sponsored Project Fund, a project has an immediate mechanism for receiving contributions from many sources, and for disbursing grants and project-related expenses.
Program & Operating Support
Sponsored projects also benefit from RPA’s existing operational infrastructure and world-class philanthropic expertise. Our staff can provide program, administrative and management support as needed, in strategy and capacity building, finance, tax and accounting, human resources, risk/liability, and grantmaking and advisory services.
Fiscal sponsorships are an effective, cost efficient alternative to the lengthy and expensive process of establishing a 501(c)(3) organization. Sometimes projects choose a fiscal sponsor relationship as a permanent alternative, while other times they are provisional, until independent nonprofit status is achieved. Fiscal sponsorships are an especially convenient vehicle for giving collaboratives and projects with a finite time frame.
Philanthropists Set Spending Deadlines
The Wall Street Journal
May 21, 2009
By Shelly Banjo
A growing number of philanthropists are adopting spending deadlines and sunset provisions to ensure urgent global needs are addressed in a timely way.
By granting the entirety of funds within a certain period of time, these charitable efforts are looking to have a bigger immediate impact than traditional foundations, which are typically set up to last forever and pay out roughly 5% of assets a year.
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