Emily,
Utica Bike Rescue incorporated with the State of New York in July and we
are in the process of obtaining our Letter of Determination from the IRS.
In the meantime we are working with our statewide bicycle advocacy
organization as our fiscal sponsor. There are many obvious reasons to do
this as I'm quite sure you're already aware. Our arrangement is relatively
simple and straightforward. I started with the MOU that Georgia Bikes! has
posted on their website (thanks!) and we modified it to fit our arrangement
and to satisfy the board of the sponsoring organization.
http://georgiabikes.org/index.php/orginfo/aboutus/82-fiscal-sponsorship
In case you haven't seen what The Alliance has, check out
http://www.peoplepoweredmovement.org/site/index.php/site/memberservices/C217...
Fortunately I have a history with the sponsoring organization and know the
staff and board personally. That sure helped move the deal along. When I
talk to potential funders and inform them that we are working with a fiscal
sponsor they have always asked who it is and how our missions mesh. It
sounds as if you have a similar synergy, and that should help too.
This arrangement has worked really well as we get our community bike
project off the ground. It allows us to pretty much operate as if we are
our own 501(c)(3). That is because of two things: (1) the fiscal
sponsorship, but also (2) the fact that we have incorporated with our
state. According to the IRS, we are able to accept tax-deductible donations
while we are awaiting our Letter of Determination. You'll obviously need to
check your state's law but in our case these two things have been
instrumental in allowing us to make really good progress.
I hope this isn't confusing. I'm happy to talk with you more if you'd like.
Matt
--
*Matt VanSlyke*
*Utica Bike Rescue*
*714 Washington Street, Utica, NY 13502*
*315.525.9554*
*matt@uticabikerescue.org*
*www.uticabikerescue.org*
*www.facebook.com/uticabikerescue*
*Learn. Earn. Ride.*
On Tue, Oct 15, 2013 at 6:51 PM, Kevin Dwyer
kevidwyer@gmail.com wrote:
> For the big picture, try here
http://www.grantspace.org/Tools/Knowledge-Base/Funding-Research/Definitions-and-Clarification/fiscal-sponsorship.
> Lot's of info on grant writing, too.
>
> Kevin
> The Bicycle Collective
> SLC, UT
>
>
> On Tue, Oct 15, 2013 at 4:37 PM, Emily Strong
strong.emily.s@gmail.comwrote:
>
>> Hi everyone!
>>
>> I was wondering, do any of your projects have experience with fiscal
>> sponsorship, either being a sponsor or seeking out sponsorship?
>>
>> I'm involved with a social ride group as well as a nonprofit community
>> bike shop, and am looking into pursuing an arrangement where the ride group
>> is sponsored by the bike shop. I'm hoping to write a grant to fund a
>> program coordinator position that could then be shared between the shop and
>> the ride group.
>>
>> Has anyone navigated anything similar to this before? I really appreciate
>> any help/guidance you could give me!
>>
>> Thanks!
>> Emily
>>
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