In “Fiscal Sponsorship: 6 Ways to Do It Right, Second Edition” nonprofit tax law expert Gregory Colvin brings his 1993 work up to date. This expanded edition, with 20-plus pages of new material and an added index, includes recent cases, the latest developments and more in-depth analysis of concepts that were initially explained in the first edition, which has become the bible in the field.
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Editorial Reviews
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“Greg Colvin’s book is simply the best resource one could want in understanding small and emerging nonprofit activities. --Drummond Pike, President, The Tides Center
“An update ‘must-have’ for every nonprofit interested in providing this valuable service to its clients and the public.” — --L. Wade Black, Associate Director,
Greg Colvin’s book remains an essential part of the library of every grantseeker considering some form of fiscal sponsorship.” --Kirke Wilson, Former President, Rosenberg Foundation
“An update ‘must-have’ for every nonprofit interested in providing this valuable service to its clients and the public.” — --L. Wade Black, Associate Director,
Greg Colvin’s book remains an essential part of the library of every grantseeker considering some form of fiscal sponsorship.” --Kirke Wilson, Former President, Rosenberg Foundation
About the Author
GREGORY L. COLVIN is a principal in Silk, Adler & Colvin, a San Francisco law firm that represents nonprofit, tax-exempt organizations and philanthropists. Mr. Colvin is the author of over thirty articles and co-author of two books. Since the first publication of his Fiscal Sponsorship: 6 Ways To Do It Right in 1993, he has become the nation's leading authority on charitable fiscal sponsorship.
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Most Helpful Customer Reviews
19 of 20 people found the following review helpful:
4.0 out of 5 stars
Good Reference for Nonprofit Sponsors,
By Michael Wyland "Nonprofit Consultant" (Sioux Falls, SD United States) - See all my reviews (REAL NAME)
This review is from: Fiscal Sponsorship: 6 Ways to Do It Right (Paperback)
Many individuals and groups wish to pursue a nonprofit mission, but lack the organizational infrastructure to establish or maintain a nonprofit corporation. Fiscal Sponsorship is a good primer for established nonprofit organizations that might provide this support.
Mr. Colvin originally wrote this book in 1993 to present ethical and legal alternatives to the concept of "fiscal agency." Some nonprofits asked to be "fiscal agents" were being used as conduits or pass-through agencies for individuals or groups to receive tax-deductible contributions to fund activities that were of questionable public benefit. As a result, the terms "fiscal agency" and "fiscal agent," as applied to nonprofits, have become suspect. "Fiscal sponsorship" is the preferred term for proper arrangements between nonprofits and those seeking the benefits of nonprofit incorporation for public benefit purposes. The book outlines three scenarios: two artists seeking charitable support for their artistic production and teaching activities; a church with an AIDS hospice program that has outgrown the church's capacity to manage it effectively; and a US environmental group with significant lobbying activities seeking to purchase Brazilian rainforest to protect it from development. Each scenario is then applied to six fiscal sponsorship models in ascending order of independence and autonomy. A handy two-page reference chart compares and contrasts the six models, supplementing the book's narrative. A seventh model, derived from a 1990 US Supreme Court decision, specific to Mormon (LDS Church) parents providing tax-deductible support for their children's mission activities, is explored but noted to be as yet untested. My own ethical antennae were alerted when the AIDS hospice scenario included a desire by friends and relatives to make tax-deductible gifts to support a specific patient's medication needs. I would have been more comfortable had Mr. Colvin handled this potentially dangerous issue more regularly and consistently throughout the book's application of each sponsorship model to the scenarios. He alludes to the IRS requirement for a tax-deductible gift to benefit an indefinite, open-ended "charitable class" when discussing a preapproved grantor-grantee relationship, but doesn't address the issue equally well when discussing the other five models. A web site, www.fiscalsponsorship.com, has been set up in conjunction with the second edition of the book. Unfortunately, the web site only seeks to sell the book and provides links to two other web sites with sponsorship-related information - far from the promise of posting new developments in fiscal sponsorship. One should pick up this book with a definite interest in the subject - it's not for the casual reader. Most people and groups in need of fiscal sponsorship will likely not know how to articulate that need, and will be less sophisticated in evaluating the legal and operational considerations. However, representatives of organizations seeking brief, solid advice on options for supporting nonprofit activities of smaller groups and individuals will find it very helpful.
2 of 2 people found the following review helpful:
4.0 out of 5 stars
An excellent overview of a complex area,
This review is from: Fiscal Sponsorship: 6 Ways to Do It Right (Paperback)
Well done; gives an excellent insight into the complexities of the IRS regs in this area. Provided me with information necessary to assist in the setting up of a new NFP organization.
1 of 1 people found the following review helpful:
4.0 out of 5 stars
all you need to know about fiscal sponsorship,
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This review is from: Fiscal Sponsorship: 6 Ways to Do It Right (Paperback)
The book is written for the general reader, but it can still be hard to work your way through the various scenarios. Nonetheless, it's a useful tool it you are thinking of using fiscal sponsorship.
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