If you would like to apply for fiscal sponsorship by Abundance NC, this is the page to learn about the details of sponsorship and how to apply.
The Abundance Foundation loves to collaborate and create and in fact we think it is a huge strength of ours. So, thank you for wanting to be a partner! Each sponsorship is different, depending on the needs and goals of the group or organization.
The most important thing to consider is whether your organization’s mission is in alignment with ours. You can read about our vision and mission, to get an idea of whether your organization fits well with ours.
We have put together some guidelines that make communication and working together easier.
Abundance legally acts as the umbrella organization that handles funds and governance. That means that when a donation is made, we account for it, send out the IRS tax receipts and thank you letters so that person or company can deduct from their taxes. Our Federal ID number is used for those funds. Therefore, checks must be made out to Abundance NC with your organization in the memo. Or donors can send via an online method directly to your Abundance bank account.
Abundance keeps track of the incoming funds and can also make payments necessary for the project. We create a system with you individually to account. Again, we have a bookkeeper that reconciles monthly.
Abundance has a growing email list serve and markets and communicates all the different projects and events on a monthly or twice a month basis.
Abundance keeps a website that links to your web and information.
Abundance has a wonderful board of directors who review each fiscal sponsorship partnership and offer wisdom and advice.
Abundance will collect 15% minimum of the overall project funding in order to pay costs and overhead. It’s important for non-profits to be able to pay for their staff, rent, electricity, phone, accounting etc. Abundance requires a one year minimum
partnership and a minimum of $10,000 in revenues per year. We typically deal with organizations that are $10,000-$300,000 in annual revenues.
Abundance would like their logo and website on any materials that go out…co-marketing for the program. We will send you a high resolution logo and paragraph about our organization to add to yours. Abundance would like recognition on your website and newsletters. It helps us to get our name out there so we can spread the abundance!
Again, each project is different and there may be other areas to discuss….we look forward to working with you and to meeting everyone’s goals of an increase in local food, renewable energy and of course, community!