Let Us Help You Focus on What Matters Most
Fiscal Sponsorship is a powerful tool for individuals and organizations looking to make a difference without having to navigate the complexities of forming and managing their own 501(c)(3) nonprofit. By partnering with Paramount Impact, you can carry out your charitable mission under our legal and tax-exempt status, allowing you to focus on your program while we handle the administrative tasks.
Benefits of a Fiscal Sponsorship
Access to tax-deductible donations
Compliance with nonprofit regulations
Financial management and reporting services
Reduced administrative burden
How Our Fiscal Sponsorship Program Works
Apply
Submit your project proposal through our online application form.
Get Approved
Once reviewed and approved, your project is officially under the fiscal sponsorship of Paramount Impact
Receive Donations
You can begin receiving tax-deductible donations, which we’ll manage for you.
Focus On Your Mission
Access funds, accounts, and debit cards to run your project while we handle financial oversight, reporting, and compliance.
Why Partner with Paramount Impact?
At Paramount Impact, we understand the challenges of running a nonprofit organization. As a 501(c)(3) nonprofit ourselves, we are committed to helping other mission-driven projects succeed. Here’s why you should choose us for fiscal sponsorship:
- Expertise and Experience: Our team has extensive experience in nonprofit management and compliance.
- Supportive Infrastructure: We provide comprehensive back-office services, so you don’t have to worry about bookkeeping, legal issues, or compliance with IRS regulations.
- Transparency and Accountability: We are dedicated to providing clear financial reporting and maintaining trust with our partners.
- Community Impact: By partnering with us, you’re joining a network of changemakers dedicated to creating a positive difference in Arizona and beyond.
Ready to Make an Impact? Here’s How to Get Started
Applying for fiscal sponsorship with Paramount Impact is easy. Follow these steps to get started:
Complete the Application Form
Provide details about your project, mission, and goals.
Review Process
Our team will review your application and schedule a consultation.
Approval
Once approved, you’ll sign a fiscal sponsorship agreement, and your project will be ready to start receiving donations under Paramount Impact’s 501(c)(3) status.
Frequently Asked Questions
We support a wide range of charitable initiatives, covered in the 17 Sustainable Development Goals. If you have a charitable initiative, our charitable advisors will help you focus the scope of your mission.
No, fiscal sponsorship allows you to operate under our 501(c)(3) status, saving you the time and cost of starting your own organization.
Fiscal sponsorship is an ongoing partnership, where we handle the administrative and legal aspects of your project. Unlike a grant, it allows you to raise funds continuously under our umbrella.
We have partnered with our bank to give you access to a chartered account. You can login to your account at anytime, see account balances, transactions, pay vendors, assign debit cards to administrators, create per diem cards (digital and physical cards) and receive donations directly into the account.
We act as oversight and you run your program without us running interference.
We charge a small administrative fee to cover the costs of managing your project. This fee varies depending on the complexity of your project. Contact us for more details on our fee structure.