At The Nunnally Foundation, we utilize the highly effective
**Model C: Pre-Approved Grant Relationship Fiscal Sponsorship**
Model C: empower charitable projects across faith-based and housing/urban development sectors. This proven model provides a legally sound and administratively streamlined pathway for projects that do not yet have their own 501(c)(3) status to receive tax-deductible donations and grants. It establishes a clear, supportive partnership where we, as the fiscal sponsor, provide essential financial oversight while ensuring your project maintains operational control.
Tax-Deductible Fundraising Capability:
Projects gain immediate access to our established 501(c)(3) tax-exempt status, enabling you to solicit and receive grants from foundations and tax-deductible contributions from individual donors, corporations, and other entities:
Professional Donation Processing:
We handle all aspects of receiving, processing, and acknowledging donations (checks, online, stock, etc.), issuing IRS-compliant tax receipts in our name, taking this significant administrative burden off your shoulders:
Dedicated Financial Accounting:
We maintain meticulously accurate and separate financial records for each sponsored project, tracking all income and expenditures within a designated fund account. This provides clear financial transparency for your project's activities:
Strategic Grant Distribution:
Funds received on your behalf are systematically disbursed to your project, based on agreed-upon schedules, approved budgets, and regular reporting. The specifics will be detailed in your Fiscal Sponsorship Agreement:
Rigorous Compliance Oversight:
We ensure your project's activities remain aligned with our charitable mission and comply with all IRS regulations, safeguarding our collective tax-exempt status. This includes a clear, streamlined process for initial project approval and periodic reporting:
IRS Form 990 Reporting:
We integrate your project's financial activity into our annual IRS Form 990 filing, relieving you of complex federal tax reporting responsibilities:
Formal Agreement Management:
*We manage the robust fiscal sponsorship agreements that clearly define roles, responsibilities, and expectations for both parties, providing a secure legal framework for our partnership:
Opting for fiscal sponsorship with The Nunnally Foundation offers distinct advantages:
**Operational Autonomy: **
Your project remains an independent entity. You lead the day-to-day operations, program
development, and team management. Our role is one of supportive oversight, not direct management:
Credibility & Trust:
Leverage the established credibility and strong track record of our 501(c)(3) organizations, enhancing your appeal to donors and grantmakers:
Focus on Mission:
Free your time and resources from the complexities of nonprofit administration, allowing your team to concentrate invaluable energy on program delivery and impact:
Reduced Administrative Burden:
Avoid the time, cost, and legal complexities of forming and maintaining your own 501(c)(3) entity, especially during initial phases:
Expert Financial Stewardship:
Benefit from our expertise in managing funds, ensuring transparency and compliance
To sustain the high-quality services and rigorous compliance standards we provide, The Nunnally Foundation applies a competitive administrative fee. This fee is [e.g., a percentage base, e.g., 5-10%] of all funds received on behalf of your sponsored project. This fee covers our costs for donation processing, financial accounting, compliance oversight, reporting, and general administrative support, enabling us to serve as your dependable fiscal partner.