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fiscal_sponsorship [2012/05/15 05:39] wreality |
fiscal_sponsorship [2017/04/05 00:38] |
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| - | ==Fiscal Sponsorship== | ||
| - | Information about fiscal-sponsorship from school factory: https://atrium.schoolfactory.org/spacefed/sponsorship | ||
| - | Why we need to consider this/Pros: | ||
| - | - Amazon Payments (Kickstarter) requires us to have 501(c)(3) status. | ||
| - | - School factory could act as our liason for this. | ||
| - | - Businesses and larger donors may be more comfortable than waiting for our exempt status | ||
| - | - Reputation. We're covering our bases while we obtain our own status. | ||
| - | - Buys us some time to do our 1023 right and think about how we want to answer some of the questions | ||
| - | - Specifically the part about acting as a granter to the clubs (if we even still want to do that) | ||
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| - | Cons | ||
| - | - School factory takes 10% for admin costs | ||
| - | - This will hurt for kickstarter since there are already %'s involved there. | ||
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| - | This doesn't replace our own need/desire to get 501(c)(3) status, just helps us in the interim. | ||
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| - | Anything that's donated within 27 months of our incorporation is exempt once we get our determination approved, but some donors might be uncomfortable with that. | ||