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FJC Programs
FSP programs
FSP Menu Options:
- What is the FJC Fiscal Sponsorship Program?
- How Does My Fiscal Sponsorship Program Account Work?
- How Do I Apply to Participate in the FJC Fiscal Sponsorship Program?
- What are the Advantages of Choosing FJC as My Fiscal Sponsor?
- Fiscal Sponsorship Program FAQ
How Does The Fiscal Sponsorship Program Work
FJC’s staff fully analyzes each proposed organization or project and all applications are reviewed by FJC's Board of Directors. Upon approval of a project's application, it is eligible to enter into an Agreement with FJC. The Agreement requires funds to be used for a specified purpose and sets forth the terms and conditions of the project's relationship with FJC. Participants are required to submit written reports to FJC semi-annually, which include a financial accounting summary and a narrative update on the progress of the funded project.
The FSP allows projects to collect contributions for their work, which are fully deductible to the donor. Contributions can be made in the form of cash, appreciated securities (including mutual funds), credit card, or other FJC pre-approved forms of property. FJC will issue tax receipts to all donors that contribute to the account. Contributions are designated to the project's account and are invested while held in the account. Interest earned on the funds are credited to the account, helping to offset the administrative fees, giving participants more money to use for their work.
Participants can pay vendors, contractors, consultants, and reimburse individuals for program related expenses from their account. As needed, participants can submit payment requests, with all required backup materials, against their account balance and FJC takes care of the rest! FJC typically processes requests withing ten business days.
At the time a FSP application is approved a transactional fee, of 3-5%, will be determined. All contributions received on behalf of the project will be subject to the transactional fee; the balance of the contribution received is applied to the account. There is also an annual fee of 1% of the average daily balance maintained in the account. This fee is posted to the account quarterly at a rate of ¼ of 1%.
Participants can access their account balance and view account activity online using the FJC DonorWeb and will receive a Quarterly Statement of Activity. If all agreement requirements have been met during the term, the agreement is eligible for renewal annually.