Monday, November 29, 2021 Cleveland, OH 37°F 39° | 34° The George Gund Foundation News Grantmaking About Apply for a Grant “Trust-based grantmaking is an essential approach to strengthening communities and working for durable change.” Trust is essential to strengthening communities. Grantmaking / THE ROLE OF FISCAL SPONSORS A fiscal sponsor is a 501(c)(3) nonprofit organization that agrees to provide fiduciary oversight, financial management, and other administrative services to support the activities of groups or individuals engaged in work that furthers the fiscal sponsor’s mission. This arrangement allows such groups or individuals to seek grants and to solicit tax-deductible donations under their sponsor’s tax-exempt status. The fiscal sponsor can receive and administer charitable contributions on behalf of the sponsored organization. Fiscal sponsorship is often used by newly formed nonprofits seeking grant support before they are recognized as tax exempt by the IRS. Fiscal sponsorship can also be used to support mission-related activities that do not, in and of themselves, lend themselves to the formation of a new tax-exempt organization. For applicants using a fiscal sponsor, The George Gund Foundation requires a written agreement between the fiscal sponsor and the sponsored group or individuals that outlines the responsibilities and obligations of both parties. The agreement should specify that the fiscal sponsor is responsible for all legal compliance relating to receiving, reporting, and acknowledging charitable donations. If the fiscal sponsor is charging any administrative fee to the sponsored organization, that should be outlined as well as any record keeping responsibilities from the sponsored organization to the fiscal sponsor. BIKING EXPERIENCE THE LAKE ERIE FREE CLINIC TEACHERS EARLY EDUCATION ARTS AS POLITICAL ACTIVISM THE CLEVELAND PLAN: CHANGING MINDS URBAN GARDENS METROPARKS SYSTEM GEORGE ART INSTITUTIONS OHIO CITY DEMOCRACY CUYAHOGA RIVER PEOPLE WORKING PUBLIC SCHOOLS PLANNED PARENTHOOD NEIGHBORHOODS BIRTHING BEAUTIFUL COMMUNITIES GUND CUYAHOGA RIVER REFUGEES & IMMIGRANTS LAKE ERIE CLEVELAND SCHOOL OF THE ARTS URBAN LANDSCAPE PERFORMING ARTISTS URBAN LANDSCAPE FOUNDATION CLEVELAND SCHOOL OF THE ARTS NEIGHBORHOODS CUYAHOGA VALLEY NATIONAL PARK CUYAHOGA RIVER OHIO CITY UNIVERSITY CIRCLE News Announcements Letters Grantmaking What We Believe Awarded Grants Apply for a Grant Application Deadlines The Role of Fiscal Sponsors Climate Change Statement Grant Reporting About Mission & History Our Team Contact Us Resources Photography Financials Grantee Perception Report Form 990-PF Annual Reports Media Center Join Our Mailing List First Name Last Name Email Address Organization Optional The George Gund Foundation 45 West Prospect Avenue 1845 Guildhall Building Cleveland, Ohio 44115 Phone: 216.241.3114 Email: info@gundfdn.org Fax: 216.241.6560 Website by N+S