“We were early and enthusiastic supporters of fiscal sponsorship. The service provided by Community Initiatives adds flexibility and effectiveness to our grant making.”

Thomas C. Layton
PRESIDENT
THE WALLACE ALEXANDER GERBODE FOUNDATION
Community Initiatives takes its fee for fiscal sponsorship from the sponsored project’s revenues as they are received.

This fee is 10 percent of gross receipts. For example, if your project received a grant of $10,000, Community Initiatives would take $1,000 (10 percent of $10,000).*

After a project is approved by Community Initiatives’ board, the project is given one year in which to formalize the relationship, i.e. sign a sponsorship agreement and become a fiscally sponsored project.  If the project signs the agreement and becomes a project without immediate funding, the project will be billed a service fee of $200 per month until funds for the project arrive.

Our minimum annual fee is $2,400. This means that if your project does not bring in a minimum of $24,000 in revenues during Community Initiatives’ fiscal year (beginning July 1), your project will be billed the difference to achieve the total annual fee of $2,400 (10 percent of $24,000).

Community Initiatives prides itself on operating under a policy that differs from that of other fiscal sponsors. We operate with a “co-op” philosophy: we rebate a portion of the fees back to our projects in years in which we have earned a surplus. A rebate has occurred in 11 out of the last 14 years.

*On rare occasions, a multi-million-dollar project has been able to negotiate an individualized rate.