Join NYCSBS and Laywers Alliance for New York!
This webinar provides an overview of fiscal sponsorship, which allows a non-tax-exempt organization to fundraise and operate under the umbrella of a tax-exempt, 501(c)(3) organization which acts as the fiscal sponsor. Topics covered include fiscal sponsorship structuring options, the advantages and disadvantages of fiscal sponsorships (especially for small organizations), and common legal issues in such arrangements. New organizations and charitable projects can benefit from fiscal sponsorship, but so can organizations trying to preserve their programs by increasing fundraising partnerships, cutting back office service expenses, or collaborating with a new fiscal sponsor.
Learning Objectives: Participants will be able to understand the purpose of and possible structures for fiscal sponsorship arrangements. With this understanding, participants will be able to assess whether entering into a fiscal sponsorship - either as the fiscal sponsor or as the sponsored organization - is right for the organization at a given point in its lifecycle.
Lawyers Alliance for New York (LANY) is the leading provider of business and transactional legal services for nonprofit organizations and social enterprises that are improving the quality of life in New York City neighborhoods. Their network of pro bono lawyers from law firms and corporations and staff of experienced attorneys collaborate to deliver expert corporate, tax, real estate, employment, intellectual property, and other legal services to community organizations.
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Workshop Audience: BIDs, CBDOs
This workshop was funded by the New York City Small Business Services' Organizational Development Avenue NYC grant. Find more information on our website: https://www.nyc.gov/site/sbs/neighborhoods/avenue-nyc.page
Please reach out to Stephanie Tsopanidis, Program Coordinator, at STsopanidis@sbs.nyc.gov with any questions.
