Fiscal Sponsorship
We can help reduce the complexity of operating a successful project and enable small groups and individuals to concentrate on programs and goals instead of administration. TOF projects acquire the organizational infrastructure of a major NGO that frees individuals to conduct work in an effective and results-oriented way. Our staff members provide financial, administrative, legal and project counseling support so that project leaders can focus on program, planning, fundraising, and outreach. A TOF project can be a temporary step before creating an independent organization. The Ocean Foundation can provide:
- Fiscal Sponsorship - the legal infrastructure of a 501(c)(3) entity, with appropriate legal incorporation, IRS exemption, and charitable registration.
- Financial Services - oversight of all revenues and expenditures, monthly financial reports, budgetary tracking, payment of all invoices, audit and governmental reporting, all tax returns, and training in budget preparation and financial management.
- Other Support - an array of administrative services, from liability insurance to grant and contract management, designed to serve your needs.
TOF maintains full discretion and control over all funds that it raises; our Fiscal Sponsorship Funds are not separate entities. Fees for these services are 10% of a project budget. If you are interested in bringing your project to The Ocean Foundation as a fiscally sponsored project, please contact Program Officer Kama Dean for more information and to begin the process.
Current Fiscal Sponsorship Projects hosted at The Ocean Foundation can be found on our Index of Projects.