April 20, 2006 | Read Time: 1 minute
NEW BOOKS
Fiscal Sponsorship: Six Ways to Do It Right, Second Edition
by Gregory L. Colvin
In this book, Gregory L. Colvin, an expert in nonprofit tax law, illustrates six methods whereby people who have ideas for small or short-term charitable projects can obtain foundation support by designating nonprofit organizations as their fiscal sponsors.
Fiscal sponsors agree to administer grants awarded to the project, retaining full control of the grant money and bearing legal responsibility for spending it in a way that a donor expects.
Mr. Colvin shows how to set up relationships in which the nonprofit sponsor has a lot of control, as well as situations involving independent contractors, supporting organizations, and other types of relationship between the fiscal sponsor and the project’s directors.
The second edition expands on the first with a final chapter on recent developments in fiscal sponsorship, how the field’s terminology is changing, and new methods of obtaining grants for independent projects.
Publisher: Study Center Press, 1095 Market Street, Suite 602, San Francisco, Calif. 94103; (415) 626-1650 or (888) 281-3757; fax (415) 626-7276; scp@studycenter.org; http://www.studycenter.org; 108 pages; $19.95; ISBN 1-888956-07-0.
