A local service organization comes to you and would like to collaborate on a much needed community project. A group of concerned citizens decides an animal shelter is needed. A dedicated person wants to raise money to pay them to deliver services to seniors your community. They all want to set up a pass-through fund with to handle charitable contributions. We’ve all been there. When should you do this? What are the legal responsibilities for the community foundation when these types of funds are established? How do you handle the financial side?
This session will include:
- Guidelines for assessing when to engage in this type of activity
- Understanding community projects vs. fiscal sponsorship vs. fiscal agency
- Sample fiscal sponsorship agreements and reporting requirements
Phil Purcell, J.D., Vice President, Ball State University Foundation
Terri Johnson, GIFT Associate Director
$50 for WPN members.
Contact Indiana Philanthropy Network's Belinda Scholl at firstname.lastname@example.org or 317-630-5200, ext. 129.