Secure funding to support your project through every phase of its life cycle
Empowering Visions: Your Project, Our Fiscal Sponsorship
About SPDonate
SPDonate is a 501(c)(3) public charity that is dedicated to engaging and assisting for Profit and Nonprofit Entities and Individuals with fundraising donations, including acting as a fiscal sponsor.
SPDonate provides a fundraising platform that enables anyone to create a charitable causes that can accept tax deductible contribution.
Mission
We are committed to providing the easiest, most effective tools, at the lowest cost to create successful campaigns for your individual cause.
Fiscal Sponsor
SPDonate as a fiscal sponsor will provide fiduciary oversight, financial management, processing platform, and other administrative services to help build the capacity of charitable projects for other nonprofits, entities, or Individuals that do not have their own nonprofit status (the sponsored project). The relationship between the sponsor and sponsored project creates a quicker, streamlined, and more efficient way for a project to kick off under a nonprofit relationship.
Our Services
SPDonate will provide a variety of platform variations to manage your charitable causes, whether its raffle, auctions, banquets, or direct donations. SPDonate offers many solutions that will allow a campaign to have multiple ways to connect to their donor base.
Eligibility and Considerations
Program purpose must align with the mission of SPDonate
Organization or individuals doing charitable work and purpose defined by Internal Revenue Service.
An organization with a 501(c)(3) tax exempt status and would like to focus on furthering its mission instead of administrative tasks.
Individuals that need to raise money for a cause and want to offer a nonprofit charitable tax deduction for their donation.
Organizations that are waiting but have not received 501c’s status.
Social enterprises & creative community projects which would like to apply for grants requiring 501c3 status.
Frequently Asked Questions
Fiscal sponsorship refers to a legal arrangement in which a nonprofit organization (the sponsor) provides oversight and support to a project, program, or initiative that doesn't have its own nonprofit status (the sponsored project). This sponsorship allows the sponsored project to operate under the nonprofit's legal and tax-exempt status.
One of the primary benefits of Fiscal sponsorship is it allows sponsored projects that do not itself qualify as tax exempt to receive donations. Through Fiscal sponsorship’s nonprofit tax exempt status, these donations are generally eligible for tax deductions, which can incentivize individuals and organizations to support the project financially.
Fiscal sponsors often handle administrative tasks such as financial management, compliance with legal and reporting requirements, and record keeping.
1.Credibility: Operating under the umbrella of a Fiscal Sponsor lends credibility to the sponsored project. The Fiscal Sponsor’s reputation, track record, and accountability practices can enhance the sponsored project's legitimacy and trustworthiness in the eyes of potential donors, partners, and stakeholders.
2.Cost Savings: Establishing and maintaining a separate nonprofit organization involves costs such as legal fees, administrative expenses, and overhead. By operating under a fiscal sponsor, the sponsored project can avoid some of these costs.
3.Focus on Mission: With administrative task taken care of by the Fiscal Sponsor, the sponsored project can focus its resources and energy on achieving its mission and making a positive impact.