Fiscal Sponsor Policy and Requirements
The Clowes Fund makes grants to tax-exempt organizations that are described in section 501(c)(3) of the Internal Revenue Code and are either public charities, or in rare cases, exempt private operating foundations. Occasionally, the Fund may make grants to section 501(c)(3) organizations that oversee new programs, groups or emerging tax-exempt organizations that are consistent with the exempt mission of the Fund.
If your group is a non-profit corporation that is seeking federal exemption as a 501(c)(3) public charity, or is a non-exempt organization, yet seeks funding for a project consistent with the mission of the Fund, it must be affiliated with an existing 501(c)(3) organization that has agreed to serve as the grantee with ultimate fiscal and program responsibility for the project, consistent with our grant guidelines.
Since grants for programs initiated outside an existing section 501(c)(3) organization are the exception rather than the rule, the grant guidelines and application form do not disclose all documentation required for funding through this process. The Fund requires a group or an organization applying through affiliation with a proposed 501(c)(3) grantee to include the following documentation with the application form:
1. A copy of the signed letter of agreement with the proposed 501(c)(3) grantee or a letter signed by an officer of the tax-exempt organization agreeing to accept responsibility for the project.
2. Both the proposed 501(c)(3) grantee and your group or organization must submit appropriate documentation consistent with our grant guidelines and application process.
The following information should be provided by the proposed 501(c)(3) grantee:
- A completed Fiscal Sponsor Grant Application Form
- A copy of the proposed grantee's current IRS determination letter affirming its 501(c)(3) tax-exempt status
- A copy of the organization's current operating budget
- A copy of the organization's most recent annual report or audited financial statements
The following information should be provided by your group or organization:
- A completed Grant Application Form via eGRANT
- A copy of the organization's current operating budget
