The Open Collective Foundation 501(c)(3) offers fiscal sponsorship as a service to help initiatives get up and running in one day. No need to create a bank account or legal entity. Our platform enables you to easily receive donations and disburse them.
We take care of receiving tax deductible donations for your initiative through our registered 501(c)(3) nonprofit. We manage your expenses, file taxes, and take care of accounting. Let us do the admin so you can focus on your mission!
We automate the back-end processes so you can spend less time doing admin. We provide a dashboard where you can see the budget we are holding for you, how much you've spent and everything you need to tell your donors how to fund you. Reporting is automatic and in real time.
Open Collective Foundation helps you run your initiative with minimal hassle. Grantees and project participants will love the simplicity and accessibility, and you’ll love how much your overhead is reduced.
Reach out to us! We will set up a call and help you get started
Many initiatives don’t have a bank account or a charity legal entity set up to receive funds. We help them by taking care of tax reporting and financial admin. We keep track of the budget, process expense claims, and handle payments. Easily add multiple grants from different sources into one budget.
Anyone in your initiative can submit expenses. Once approved by you, we process them for payment via bank transfer or PayPal. A dashboard allows you to easily view, approve, and request payment expenses all in one place.
Allow your supporters to make tax deductible donations via credit card, bank transfer, or PayPal. As part of many Donor Advised Funds (DAFs), donations through them are easy! We can provide the invoices and documentation your funders need.
Join our network of hosted initiatives and be a part of a supportive and growing open-source community.
*Third-party payment processors (like Stripe and Paypal) charge separate fees on each transaction made using their service. Learn more here.
**8% Up to 500k raised. - 6% Up to 1 Million raised. - 4% Over a Million raised
Our Fiscally Sponsored Projects have received funding through Open Collective Foundation from these entities.
a. Increasing access to educational resources and training: With the advance of technology and the movement towards a society where people work together to enhance and develop the future, there has been an increase in the number of organizations and groups that are coming together to promote education.
b. Creating a positive social impact: Sponsor’s social impact purpose is aimed at finding ways to (i) eliminate prejudice and discrimination; (ii) combat community deterioration; (iii) decrease juvenile delinquency; (iv) serve the less fortunate or distressed; (v) serve to prevent animal or child cruelty; or (vi) create a positive impact on society.
c. Developing tools to improve civic participation within cities or communities: Sponsor sponsors projects aimed at fostering civic participation, democratic debate and rebuilding community ties and strengths.
A Fiscal Sponsor/Host is a non-profit organization that legally offers their tax-exempt status to groups or projects that align with the mission of that host/sponsor. More info here.
• A dashboard for you to manage your initiative.
• Administrative Support
• We act as your legal entity • Your group doesn’t need a bank account
• We are responsible for receiving and disbursing funds based on expense requests (after your admin approval)
• Maintain tax-exempt status for your fund
• Receiving bulk payments
• Tax form management
• Checkout processes from other revenue streams (i.e….)
• InvoicingInternational payment processing options for receiving/disbursing funds
• CSV import/export options
• Two step approval process for disbursement
• Integrations with ActBlue
• We receive grants from Donor Advised Funds (DAFs)
Feel free to read more about us and what do in our Documentation + FAQs, or if you would like us contact you, send us an email, and we'll be in touch with you as soon as possible.
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