Supporting Social Innovation in our Region Through Fiscal Sponsorship
Abstract
SynopsisAs individuals and organizations seek to address our most pressing social problems through innovative programs, projects and ideas, they inevitably require sound administrative and financial infrastructures to bring these initiatives to fruition. While many programs and initiatives go on to establish themselves as 501(c)(3) nonprofit organizations, it is important to ask what other options exist for the most promising social innovations. Fiscal sponsorship offers a practical and cost-effective approach to helping innovators bring their projects and ideas into reality. In some cases, sponsorship might be a temporary stage to get a project or program off the ground while in other instances, long-term sponsorship is ultimately the best course of action. This article examines the benefits associated with fiscal sponsorship and explores how fiscal sponsorship can serve as a mechanism for supporting social innovation in the Philadelphia region.
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Copyright (c) 2013 Ashley Feuer-Edwards, TJ Hurst (Author)
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