Welcome to the Edward Charles Foundation
We are approved by the IRS as a 501c3 organization, classified as a public charity, to act as a “fiscal sponsor” on behalf of individuals who are looking to engage in fundraising activities and/ or receive charitable funds to carry out charitable purposes but do not have their own charity to do so and/ or to act as repository for individuals and corporations looking to make charitable gifts for time and tax sensitive needs and they do not have a specific charity to give to. We are not a donor advised fund and therefore, are not subject to the rules of donor advised funds.
Typically, we serve the professional advisor industry and their clients (i.e. lawyers, CPA’s, business managers, financial advisors, and philanthropic advisors). We do not look to advertise this in a sense that a community foundation might. We are discreet and sensitive to the needs of our private clientele.
To understand how the foundation operates please view our Brochure.
Edward Charles Foundation is very particular about the clientele that it chooses to act as a fiscal sponsorship. We are not looking to obtain a volume of clients; we are looking for high level people who have the ability and the commitment to either make large gifts and contributions, or to assist, those individuals that can raise large amount of charitable dollars for charitable purposes.
Fiscal Sponsorship - Defined
Fiscal sponsorship is an agreement between an established 501(c)3 charity and an individual or group of individuals who might be a new organization that is not incorporated and lacks their own tax exempt status but is interested in soliciting donations from others as well as seeking grants from foundations. Under this agreement arrangement a tax-deductible contribution can be given using the sponsoring agent's exempt status. The fiscal sponsor for an organization then agrees to accept and be responsible for monies on your behalf.
One such organization interested in forming a sponsorship relationship with nonprofits is the Edward Charles Foundation for Nonprofits. To receive additional information concerning fiscal sponsorship opportunities click here.
Under the law the fiscal sponsor and the fiscal sponsee enter into a contractual agreement whereby each party agrees to do certain things.
DISCLAIMER: This information is not intended to provide legal or accounting advice, or to address specific situations. Please consult with your legal or tax advisor to supplement and verify what you learn here.