Projects that are currently a part of another nonprofit 501(c)(3) organization must complete additional steps when they apply and are accepted for fiscal sponsorship by Community Partners. It is important for applicants early in the fiscal process to inform officers of their current organizations and their current funders of their plans to become fiscally sponsored by Community Partners. While each case will differ, your program liaison will walk you through a process that will consist of some or all of the following:
- Authorized officer (board chair, executive director) from the current organization must send an endorsement letter or an email stating that they support your application to Community Partners.
- Once Community Partners' board approves the application, an officer from your current organization must review the Transfer Agreement draft from Community Partners and set the date when current funds and assets will transfer to Community Partners. Once the date is determined, the Transfer Agreement Draft should be sent to contracts@CommunityPartners.org.
- If you are receiving grant funds or operating within a contract period, inform your funders that you are seeking fiscal sponsorship from Community Partners and find out how to assign the grant to Community Partners, if possible.
Contracts and Liabilities
- Create a list of current contracts, employees, and outstanding invoices and discuss them with your program liaison.
- The terms of all contractual liabilities must be met before your project can become fiscally sponsored by Community Partners.
- Agreements such as Memoranda of Understandings (MOUs) and lease agreements must be rewritten with Community Partners as the signer.
Current Employees and Consultants
Inform your program liaison and Community Partners HR if you intend to keep current staff or hire new staff at the start of your project's fiscal sponsorship. Send a list of current employees and other workers (including interns and volunteers etc.) to hr@CommunityPartners.org. Community Partners needs each worker's date of hire, current title, and current compensation.