What Fiscal Sponsorship IS:
It is a financial relationship between you and the Global Center, a registered 501.c3 Non-Profit Organization, who acts as your Fiscal Agent, allowing you to solicit funds from potential donors for your project (film,print,dance,photography,etc.) as tax-deductible contributions.
What Fiscal Sponsorship IS NOT:
The Global Center does not provide funds for equipment aquisition or general fundraising. We channel your funds through our non-profit corporation for you. This is a "checks only" - "donations only" relationship. Your project, through us, cannot accept: equipment, sports or theater tickets, food, services, any barter, etc. We do not accept credit cards, moneyorders or cash donations. (CHECKS MUST BE MADE OUT TO: "THE GLOBAL CENTER" with a note in the memo section with the name of your organization and/or project.)
Are there specific eligibility requirements in order to gain fiscal sponsorship through your organization?
Simply send us a one or two paragraph description of your project. If it falls under the auspices of the International Center For Global Communications' (aka, The Global Center) mandate, we act as your fiscal sponsor. Please provide your organization name, name of contact and title, address, Tel/Fax, email. We will fax you a 2-page agreement to be signed by you and faxed back to us. Thereafter Rory O'Connor signs it and we fax you a complet copy with all signatures. From that point on you may raise money via our non-profit 501.c3 What is the application process? We will review the above and contact you with our answer. If accepted, there is a $100 administrative fee payable to The Global Center. You send this check in with your agreement. What is the next deadline and how long does the application process usually take? We have a rolling admissions policy and the process usually takes just a few days. What are the standard terms of your fiscal sponsorship program? The Global Center takes a 5% administration fee of all money raised. Make checks payable to THE GLOBAL CENTER only, with the name of the project & organization in the Memo area of the check. Checks made out to anything else are returned at your expense. CHECKS ONLY, NO MONEY ORDERS OR CREDIT CARDS . Procedure: Once we have received a check, deposited it, and once they have cleared our bank. The 5% administrative fee is deducted and a check is made out to your organization. Check clearing, writing and mailing can take from 7 to 14 days depending on your location. Can we obtain copies of your Mission Statement, Board Members or Proof of your 501.c3 status? Our Mission Statement is on our web site for you to print out. We can provide any the documents you may need, if and when potential donors require it. For proof of our non-profit status you can go on-line to the the IRS/Treasury Website http://www.irs.gov/charities and look us up! (Be sure to spell out: International Center for Global Communications Foundation, Inc.)