Fiscal Sponsorship Services & Fees
Basic level services for the fiscally sponsored funds:
- 501(c)(3) Status allowing tax-deductible donations and foundation funding;
- Administer project finances, including income and vendor payment disbursements;
- Provide financial statements at designated intervals so you can stay up-to-date on the economic status of your project-based financials;
- Include your project income and expenses in Worldstudio Foundation’s annual audit and Form 990 informational filing;
- Provide required tax reporting and IRS filings (such as 1099 forms);
- Provide sales tax exemption form and bulk rate postal permit in New York State, saving you money that can be better spent in direct program services.
Additional services:
- Personalized consultation on project focus, organization and development strategies;
- Consultation on fundraising, including donor development, proposal writing and grant management;
- Marketing and communication consultation and services including design, writing press releases, administering social media and visibility through Design Ignites Change’s established public outreach platforms.
Fees
- Worldstudio Foundation charges accepted projects a $100 initial contract fee and an annual $50 renewal fee.
- For basic level services an administrative fee of between 8% and 15% is charged on all funding collected through Worldstudio Foundation. The fee percentage is established annually at the contract stage and is dependent on the administrative needs of the project.
- For additional services, fees will be determined by the scope of work being requested and estimated on a per-project basis.
