Taos Community Foundation takes on challenging issues, pursues cross-sector solutions, engages citizens, and marshals the needed resources to improve our communities, build social capital and provide opportunity for all. In our work throughout community, both in grant-making and convening, we are always listening for emerging threads.
Community Leadership is the Foundation's way of using discretionary funds to support emergent community needs identified through discussion, incubation and planning with community members. We fund both short term special projects and long term endowed sponsored projects.
Sponsored projects, often known as fiscal sponsorship, are a cost-effective way to implement new programs, bring together groups to collaborate on an issue, and test new approaches to social change. Fiscal sponsorship is a common mechanism used in the nonprofit sector that enables individuals and organizations to start new programs without establishing a new, separate nonprofit organization. These fiscally sponsored projects get their charitable status from their fiscal sponsor.
Fiscally sponsored projects of Taos Community Foundation are not separate and isolated entities; rather, they are an integral part of TCF. We receive charitable donations and grants on behalf of our fiscally sponsored projects; maintain the necessary legal and financial infrastructure for all project activities; and, allow project leaders to focus on creating a healthy community.
Fiscal sponsorship from TCF provides the space for experimentation or for projects to accomplish a discrete goal. It enables our projects to inclusively participate in the nonprofit sector – a boon for small, grassroots groups or communities that may be kept out of the sector for lack of administrative expertise, capital resources, or unfamiliarity with regulations and requirements. In comparison to independent nonprofits, our projects find it easier to end once they have accomplished what they set out to do or no longer have revenues sufficient for financial viability. Other projects choose to stay with TCF for the long-term as they benefit from high quality operational services and lowered costs to operate.
To find out more about TCF fiscal sponsorships please contact us.