FNC’s Emerging Partners Fiscal Partnership Initiative

It is hard to believe that we are in the 5th month of this 2015-2016 Fiscal Year!  There are so many things for us to be thankful for as we move toward this holiday season, and there are still many struggles and obstacles for us to find a way over.  We are most fortunate for all of you who continue to support us and are truly interested in the work FNC does in our communities and with our partners.

This month brought two new first-time funders to our table!  The Leo & Peggy Pierce Family Foundation, which generously funded our Teens 4 Good urban farms and the McLean Contributionship, which funded the purchase of 15 laptops and other IT supplies also to support our Teens 4 Good youth programming!  We welcome these two new partners and are very thankful for the trust and support they’ve shown us!

I would like to focus on FNC’s Emerging Partners Fiscal Partnership Initiative in this blog post!  Chances are, many of you do not know what Fiscal Partnership is – and you should know because it could be exactly what you or someone you know needs!

fiscal year

Many great projects and ideas never make it from concept to reality because of the difficulty of acquiring a 501(c)(3).  Most small start-ups do not have the infrastructure to handle grant management, fiscal management and other back-office chores.  With Fiscal Sponsorship, all of that falls to the Fiscal Sponsor!  You have more time to focus on your mission!  Think about it . . .

RISK IS MINIMIZED! FNC can take on full fiduciary and legal liability for your project under Fiscal Sponsorship!  FNC has years of experience about the rules and regulations that govern the non-profit and philanthropic world.  We have experience with foundation grants as well as city, state and federal grants.

OUR PROFESSIONALS ARE YOUR PROFESSIONALS! You get the benefit of our fiscal, HR, development and programming experience.  We handle all of your fiscal work, and your project is part of our annual audit.  We will process all grants and donations under our 501(c)(3) determination, so gifts to your project are tax deductible, just as if you had your own 501(c)(3)! We can even provide technical support for grant writing, IT and other services as needed!

STAY FOCUSED ON YOUR MISSION! We take over the burden of finance, administration and compliance.  You can spend your time and energy focusing on the people and programs that make our communities stronger.  And, we are always here to advise, brainstorm and help you vet programs and ideas!

FISCAL SPONSORSHIP IS A SUSTAINABLE MODEL! Our shared services around accounting, payroll, HR, insurance, compliance, IT and other areas is ideal for start-ups which do not have the resources or time to create and manage a complex infrastructure.  Established groups appreciate the cost savings as well as the added flexibility that Fiscal Sponsorship can provide in times of both growth and downsizing.

WE ARE A PART OF THE LARGEST NETWORK OF FISCAL SPONSORS! FNC is a member of the National Network of Fiscal Sponsors and subscribe to the guidelines and best practices of this collective.

 

HAVE QUESTIONS?  WANT TO KNOW MORE? 
Contact me directly at 215.989.3566 x11
or via email at jerryt@fncphilly.org.

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