What makes choosing the fiscal sponsorship track attractive to both the community project and to the 501(c)3 organization?
For nonexempt community projects?
Fast track to impact
Reduced costs of establishing an independent organization
Eliminates the need for a board of directors
Legitimacy in the eyes of funders
Benefits potential donors
For organizations with a 501(c)3 designation?
Foster innovation in mission area
Perceived reduction in funding competition
Reduce volunteer demand in the community