Fiscal Sponsorships

What is fiscal sponsorship?

Fiscal sponsorship is a community service offered by the Community Foundation of Snohomish County for individuals or groups performing charitable work. Fiscal Sponsorship provides tax-deductions to project donors. The primary beneficiaries of sponsorship services are typically new charities without 501c3 status and community groups planning a specific or short-term project that is clearly charitable in nature and furthers the charitable purposes of the Community Foundation.

What is the cost?

As compensation for its services, the Community Foundation charges a fee of 10 percent on all deposits.