Training Details

00:58:52

Free

About

Summer camps for children. Medical care for low-income, homebound seniors. Charitable projects like these can have high liability risks, especially for nonprofit startups. Adding in costs of getting exempt status may make the whole endeavor too costly to undertake.

Learn how the use of LLCs (limited liability companies) in fiscal sponsorship can provide benefits of 501c3 status to these types of nonprofit startup projects while limiting the fiscal sponsor’s liability, from attorneys Steven R. Chiodini and Gregory L. Colvin, of Adler & Colvin, a San Francisco law firm that provides legal services and support to the nonprofit and philanthropic sector in the U.S. Mr. Colvin is also the author of Fiscal Sponsorship: 6 Ways to Do It Right, considered to be the authoritative guide on fiscal sponsorship.

Key topics covered during this session:

  • Overview of fiscal sponsorship and its evolution
  • Overview of Models A & C, for context
  • Model L features
  • Advantages of Model L over Models A & C
  • Examples of Model L projects now in progress
  • Handling direct donations to LLC in Model L
  • Model L for international projects
  • Good candidates for Model L

Related Resources:

Intended Audience

All levels of experience
Nonprofit startups

Featuring

Gregory Colvin Principal and Chair of the Board Adler & Colvin View Bio

Steven Chiodini Of-Counsel Adler & Colvin View Bio

Published Wednesday, January 21, 2015

Topic(s) Management Finances