March 26, 2009
Fiscal Sponsorships Help Programs Keep Costs Down
A new online tool may help make it easier for groups to work together and avoid the hassle of duplicating financial and administrative services.
The tool is intended to promote so-called fiscal sponsorships. Under such arrangements, a nonprofit organization accepts money donated to a program or group that has not received tax-exempt status from the Internal Revenue Service.
The San Francisco Study Center, which provides publishing, fund-raising, and other services to local
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