LAURA LOTT, INVISIBLE INTERNATIONAL

“When my co-founder and I started Invisible International last winter, we were advised by our attorneys that obtaining 501c3 status could take 6-9 months. As a result, we engaged PPF as a fiscal sponsor so that we could begin operations immediately. As luck would have it, we obtained our 501c3 status within 2 weeks. However, after thoroughly researching fiscal sponsors and understanding the benefits of using one, we decided to stick to our 2020 commitment with PPF. Over the course of the year, my team came to understand many unforeseen benefits of using a fiscal sponsor. Using a fiscal sponsor for our finance, accounting, and compliance needs has offered a layer of protection for our young organization, giving me, the only administrator, confidence that we are compliant with legal, financial, and reporting requirements.”