FISCAL SPONSORSHIP
vs
CREATING YOUR OWN 501(C)(3) NONPROFIT
Fiscal sponsorship offers a powerful alternative to creating your own 501(c)(3) nonprofit. It allows you to focus on your mission while we manage the administrative and financial complexities.
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As opposed to applying for a new nonprofit through the IRS, which can take 6 months. Plus PPF's 501(c)(3) status has an impeccable IRS standing!
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That’s right, we are registered in all 50 states, which extends to all PPF fiscally sponsored projects.
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An efficiently managed nonprofit typically allocates around 20-30% of its yearly revenue toward administrative and overhead costs. When utilizing PPF’s fiscal sponsorship, we allocate only 6% of your donation revenue to cover these costs.
Additionally, we offer lower costs and fees for overall operations including supporting functions such as:
Legal Counsel
Accounting
Board of Directors**
Governing documentation
More dollars back for your charitable mission, and no headache or stress from back-office work or regulatory compliance.
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No worrying about costly annual independent auditing or IRS filings - we've got you covered with PPF's fiscal sponsorship.
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With PPF’s fiscal sponsorship, our projects have access to our platforms providing projects with the ability to accept donations seamlessly.
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Save on overhead costs by avoiding the need to hire additional staff such as bookkeepers, accountants, and administrators with PPF's expertly staffed fiscal sponsorship.
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Leverage our established grantor relationships and history to gain credibility and access to a wider variety of grants through PPF's fiscal sponsorship and our highly experienced grant management team.
** Entities who enter into Fiscal Sponsorship with PPF (corporation or LLC) may be required to have directors/officers and governing documents outside of PPF
KEY DIFFERENCES BETWEEN
FISCAL SPONSORSHIP & AN INDEPENDENT 501(C)(3)
COMPARISION CHART
Looking to make a significant impact on your community? Use our handy chart to compare the benefits of PPF fiscal sponsorship versus obtaining your own 501(c)(3) status. With PPF, you'll have access to established grantor relationships, save on overhead costs by avoiding the need to hire additional staff, and avoid the burden of costly annual independent auditing and IRS filings. Plus, you'll have more dollars for your charitable mission.
POTENTIALS HASSLES OF
CREATING YOUR OWN 501(C)(3)
PPF takes on the IRS hassles, oversight, compliance, and back-office tasks so you can focus on what's most important - implementing your mission. By choosing PPF, you can save money on fees with our highly competitive rate of only 6% on deposits, leaving you with more funds for your charitable mission. Additionally, you can reduce the burden of administrative work, resulting in less stress and headaches. Leave your philanthropy to the professionals!
ALREADY HAVE A 501(C)(3)?
Many existing 501(c)(3)s choose to operate through a fiscal sponsor for cost-effective bookkeeping and accounting services. You can still keep your existing 501(c)(3) intact by filing Form 990-N (e-postcard) online, which takes less than 90 seconds to complete. This allows your organization to remain active. Also, PPF will register your 501(c)(3)’s name as a Doing Business As (DBA) in Maryland, allowing you to continue using your established name to solicit funds.
