Early-stage nonprofits often face challenges balancing program delivery with organizational operations. Fiscal sponsors can serve as a supportive and enabling partner, offering administrative, legal, and financial foundation.
A fiscal sponsor, typically an established nonprofit with 501(c)(3) status, allows early-stage initiatives to operate under its legal and tax-exempt umbrella. This association lends immediate legitimacy and credibility to the fledgling organization, which can be essential for fundraising and building trust with stakeholders.
As early-stage initiatives grow and gain experience, they may eventually choose to apply for their own 501(c)(3) status.
At Envoy, we closely collaborate with nonprofit organizations at various stages of development, providing guidance on operations, strategy, and program implementation. In many cases, we support organizations to form fiscal sponsorship relationships and helping pinpoint the most suitable partner to support their unique needs and goals. Continuing Envoy’s Strategy and Philanthropy Conversation Series, Salomon Moreno-Rosa and Corinne Bogan invite Tivoni Devor, Director of Client Development at Kiwi Partners to further explore the values and opportunities provided by fiscal partnerships. Tivoni provides his expertise on fiscal sponsors by providing a clear and robust definition and walking through the life cycle of fiscal partnerships for nonprofits. Tiovoni also provides insights on how to find the right fiscal sponsorship to support the mission and needs of an organization and recounts examples of successful partnerships.
To view the entire conversation and more conversations like it, check out our YouTube channel here.