Fiscal sponsorship provides a valuable tool for charitable entrepreneurs to realize their vision by working with an established charity that takes in tax-deductible donations and private-foundation grants to fund their charitable activities. This chapter of Mastering Foundation Law: The Council on Foundations Compendium of Legal Resources focuses on the basic elements of fiscal sponsorship, the predominant models and their relative advantages and disadvantages, and the mechanical aspects involved.
To many nonprofits, foundation operations are shrouded in mystery. Because prospective grantees are seeking funding from foundations, there may be a perceived power imbalance. However, building strong and effective relationships with grantees can help foundations develop new knowledge and insights into issues, and to test and scale innovative strategies. Open communication, approachability, sharing lessons learned, and collaborative evaluation are key to developing strong partnerships with grantees.
In-Depth knowledge on Working with Grantees
The grantmaking application process is a big lift for foundations and nonprofits, alike. This primer takes a look at streamlining the application process from RFP to grant agreement. Found in the guide is a how to on creating RFPs, questions to ask during the grant application review, sample acceptance letter, sample declination letter, and a sample grant agreement. Highlighted here, you will also find an innovative example a group of funders from New Mexico (SHARE New Mexico) took in reevaluating their long standing grantmaking application process and the steps they took in creating and implementing a common application. Finally, we invite you to explore the resources and tools available through GMN's Project Streamline initiative, an effort to assist funders in right-sizing application and reporting requirements, reducing the burden on grantseekers, and seeking feedback to improve grantmaking practices.
This checklist for developing effective grantee relations was prepared by Jane Kendall, president of the North Carolina Center for Nonprofits and a trustee of the Kathleen Price Bryan Family Fund.
From TCC, which developed the Core Capacity Assessment tool, this resource investigates how organizations can put these core capacities to work in achieving organizational sustainability in difficult economic times.
This sample grant agreement letter may be customized to your foundation, and used to alert new grantees to the terms of their grant.
This sample grant close-out form can help you wrap up outstanding grants.
This resource summarizes grant, project, and program evaluation best practices for private foundations.