Giving Back Without the Hassle: Fiscal Sponsorship Explained

Hi, everyone! Thank you for tuning in to Grant Gems with Dr. Kim! I’m Kimberly Sellars-Bates, Founder & President of KSTB Enterprises. We support nonprofits across the U.S. with 501(c)(3) and 501(c)(4) applications, prospect research, grant proposal writing, bid submissions, board training, fundraising plans, and nonprofit coaching.

Last week, I received messages from people and organizations eager to give back this holiday season but worried they can’t afford the fees to become a 501(c)(3). I love working with people driven by passion and purpose, and I have a solution for you: a fiscal sponsor can help you get your mission off the ground!

A fiscal sponsor is an established nonprofit that “lends” you their 501(c)(3) status, allowing you to receive tax-deductible donations and grants. They also provide support with administrative tasks and compliance, letting you focus on your programs and impact.

How can you get a fiscal sponsor? Here’s a quick guide:

Research: Look for nonprofits whose mission and values align with yours.

Reach Out: Contact them with a proposal that outlines your goals and shows how a partnership could be beneficial.

Formalize the Agreement: Reach out to KSTB, and we’ll help both organizations outline responsibilities and fees to keep everything clear and professional.

With a fiscal sponsor, you can make a difference while working toward your own 501(c)(3) status. I’d love to help you explore this option—just reach out to KSTB!

Thanks for spending these two minutes with me today. If you have questions or a topic you’d like me to cover, drop me an email at kstb@kstbenterprises.com. Remember, growth is the goal, and I’m here to share the mindset that makes it happen. Together, we are SPECTACULAR!

See you next week!