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Richard C. Peck Consulting, LLC & The Philanthropy Guy, LLC


Providing consulting and educational services to nonprofits, donors, and professional advisors related to impactful charitable giving

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Charitable Giving Newsletter

01/18/24 Edition


In This Week's Issue:


Let's Get "Fiscal"


Weekly Tips for Nonprofits, Donors, and Professional Advisors

Let's Get "Fiscal"

What does it mean for organizations to actually get "fiscal"? Well, fiscal sponsorship is a model where nonprofit organizations extend their legal and tax-exempt status to groups conducting activities aligned with the sponsor's mission. 


This approach offers projects a way to leverage established resources and expertise, enabling the nonprofits to focus on their mission without the complexities of setting up an independent nonprofit entity. Talk about a time-saver!


Selecting the most suitable fiscal sponsor is crucial for a project’s success. According to Braden Fineberg, the CEO of Ribbon, which is a single-purpose platform actually BUILT for fiscal sponsors, making their lives easier, these are five key aspects to consider when choosing the right fiscal sponsor partner:


  • Reputation and track record: Choose a sponsor known for successfully managing projects similar to yours, ensuring reliability and effectiveness.
  • Financial health and transparency: Select a sponsor demonstrating solid financial stability and clear financial management and reporting.
  • Level of operational control: Be aware of the degree of control you as the nonprofit will have over essential decisions, including the timing of donation availability and other operational aspects.
  • Fee structure and range of services: Understand the potential sponsor's fee structure to ensure your org is only paying for what it needs, and evaluate the range of services they offer, from core administrative support to grant writing, to meet your organization's project needs.
  • Mission and values alignment: Choose a sponsor whose mission and values resonate closely with the organization's objectives.


Read more about Braden and Ribbon below:

Braden Fineberg: Social Impact Entrepreneur and CEO of Ribbon 

Years ago, amidst managing a new start-up firm and his mother's health, Braden launched a 501(c)(3) organization, aiming to channel family donations into cancer research. This process proved costly and time-consuming. A (savvy) advisor introduced him to fiscal sponsorship: a simpler, more efficient alternative for achieving charitable goals, as we have all learned today! Now, Braden's own online platform, Ribbon, is revolutionizing fiscal sponsorship. Click the yellow link below for more about Braden and his unique niche:

Ribbon Team - Get Ribbon

A Tip for Nonprofits: What is the difference between wealth screening and prospect research? I'm glad you asked, because most people are not clear on that! Learn all about the difference in the link here: Wealth Screening vs. Prospect Research: Know the Difference | Association of Fundraising Professionals (afpglobal.org)

A Tip for Donors: One of the most memorable and gratifying things to do as a donor or potential donor is to visit a non-profit on-site, walk around, and see the mission in action. An Executive Director or another employee might offer regular tours or 1:1 tours. Talk about getting more intellectually and emotionally close. Very powerful! Read more here via this link: Site Visits: A Tool for Effective and Engaged Donors - NCFP

A Tip for Professional Advisors: Supporting Org? Um, what's that? Well, they have many varieties, and they are often overlooked or misunderstood as a client solution in the right situation. Click here to learn about the many faces of a supporting organization: Supporting Organizations | Definition, Types, Functions, Stories (financestrategists.com)

"Everyone can be great because everyone can serve."

~Dr. Martin Luther King, Jr.

Richard C. Peck Consulting, LLC and The Philanthropy Guy, LLC

About Rick

228 Park View Drive

Belmont, NC 28012

+1 (603) 387-3897

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