Establishing a Project

You have seen a problem in your community that you want to address. TFEC can help you achieve your mission. You can establish a project at TFEC and be able to operate as a nonprofit organization through a fiscal sponsorship agreement. The agreement can last for a short time or for many years depending on the nature of your charitable purpose. An annual administrative fee (minimum $1,500) will be assessed based on the level of expected activity.

TFEC will:

  • Accept all donations on behalf of the project, including cash, checks, credit cards, publicly-traded and closely-held securities, real estate, insurance policies, and other nontraditional assets
  • Acknowledge all gifts to donors and provide tax deduction letters
  • Review all promotional materials including Facebook pages, websites, etc. prior to distribution/launch
  • Promote the project on TFEC’s website
  • Provide online donations capabilities through TFEC’s website
  • Recognize the project in TFEC’s Annual Report  for the year of the project’s establishment
  • Process all grants and scholarships made by the project (if applicable)
  • Provide technical assistance if applying for a grant from TFEC
  • Provide ability for the project to apply for grants from funders other than TFEC
  • Process all vendor payments
  • Provide opportunity to accept and process multiyear pledges (additional fee)
  • Provide access to legal counsel for complex gifts or other legal questions
  • Create a statement of general ledger activity which lists donor contributions and vendor payments issued