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Fiscal Sponsorship made easy
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Fiscal Sponsorship

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 manage funds for your initIative

Reduce your overhead

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!

Purpose built to streamline your process

Increase capacity

We automate the back-office processes so you can spend no 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.

services

We enable initiatives to focus on their mission

Financial admin

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.

Tax deductible donations

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.

Pay your expenses

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.

Plus great community engagement features

Like crowdfunding rewards, a beautifully designed page for your initiative, updates to your supporters, events functionality, and more.

Ready to help?
Open Collective Foundation helps your 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: hello@opencollective.com
General Information and Terms of Fiscal Sponsorship
Mission
The Foundation’s mission is to promote projects in the US with the following charitable purposes:
Increasing access to educational resources and training, creating a positive social impact and developing tools to improve civic participation within cities or communities.

EIN: 81-4004928
By applying to have your project fiscally hosted by the Open Collective Foundation, you agree to these terms.

What is Fiscal Sponsorship? 
A fiscal sponsor is a nonprofit organization that provides fiduciary oversight, financial management, and other administrative services to help build the capacity of charitable projects.
Fiscal Sponsorship: a 360 Degree PerspectiveTrust for Conservation Innovation.

Why choose to be fiscally sponsored/Who needs a fiscal host?
It can take years for a group to get 501c3 non-profit status.  Fiscal hosts are especially helpful to newly formed nonprofit groups- large and small.We act as a legal entity for your group-organizing the back-end of your fundraising efforts. It’s fast and easy to be hosted by our foundation once your group is approved, you can begin collecting funds immediately

How it works?
Donations are made to our 501c3 (tax-exempt status applies)  
We make a “grant” to your group/project
We send donors their receipts, disburse funds/reimburse expenses after your approval, send out tax forms to independent contractors as applicable
You have complete access to collect, spend, manage your money on our platform

We are a tax exempt 501c3 public charity nonprofit meaning:
You will have special access to grant opportunities-wider range of funding opportunities
You can ask for tax-deductible donations
Donations to your fund will be tax-deductible
Groups hosted by us are aligned with our charitable mission

What we offer:
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)

Our Organizational details
Open Collective Foundation 501(c)(3)
340 S. Lemon Avenue, #3717
Walnut, CA 91789EIN
81-4004928
DLN 17053184327027

Payments
PAYPAL:host+c3@opencollective.org
Bank Details
Umpqua Bank,
450 Sansome St. Suite 120,
San Francisco CA 94111
Account name:
Open Collective Foundation
Account number: 4867268536
Routing number: 123205054