What is fiscal Sponsorship?
A fiscal sponsorship is a type of relationship that a sponsored project (Next Up) has with its fiscal sponsor, typically conferring upon the project the benefit of the sponsor’s 501(c)(3) tax-exempt status and certain administrative services.
What does this mean?
This new relationship allows Next up Foundation to access funding that would be otherwise difficult to reach by providing administrative supports beyond our current capabilities.
Thank you Charitable Ventures of Orange County for fiscal sponsorship!