Looking for the webpage of a fiscal sponsor? Use the tabs below the Fiscal Sponsorships tab up above to explore!
The Need for a Fiscal Sponsor
Situations that call for a fiscal sponsor include:
Organizations or projects that can deliver programs effectively, but don’t have support staff.
Projects that are short term, or temporary, that wish to avoid the time and expense of applying for a 501(c)(3).
Supporting charitable events that happen infrequently, such as charity golf tourneys.
Incubating new nonprofits that need time to grow.
Starting grassroots or small community charitable programs.
Benefits of a Fiscal Sponsorship
Insures activity is sales tax exempt, Prairie Hills is a 501(c)(3).
Provides mechanism for receiving tax exempt donation and grant funds.
Insures expenditure responsibility.
Provides cost effective management.
Provides compliance with Federal and IRS requirements.
PHRCD is legally responsible for the new program.
PHRCD's Charitable Umbrella
In a Fiscal Sponsorship relationship, PHRCD extends its charitable umbrella over select projects whose missions closely match our own. Donations earmarked for a project operating under PHRCD’s sponsorship are actually given to PHRCD. This allows donors to receive the full benefits of making a charitable donation. Active Charitable Programs raise tax-deductible donations from the public. Donor-Advised Funds are charitable gifting funds that can only be used for scholarships and distributions to other qualified charities.
Costs
A one time program application fee of $100.00 is due upon submission of the signed Application and prior to program activation. This fee covers the time required to review the application, conduct interviews, set up internal accounts, and to create online donation/paypment capabilities on our website. Other fees are assessed for the operation of your program.
Applying for Fiscal Sponsorship
Fill out the application below and send along with payment to Dr. Victoria Livingston at Director@PrairieHillsRCD.org or 321 W University Drive Macomb, IL 61455.
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