What is Fiscal Sponsorship?

     At its core, fiscal sponsorship allows independent arts groups the ability to raise funds for their artistic projects using Faith Deliverance Pentecostal Organization’s tax-exempt status as a 501(c)(3) organization. 501(c)(3) is the tax determination given by the IRS to a non-profit charitable organization, which allows donors to receive a tax deduction for supporting a public charity. Under F.D.P.C.fiscal sponsorship, arts groups and organizations can offer tax-deductible receipts to donors and may be eligible to apply for government and foundation grant programs usually only available to organizations with 501(c)(3) status

F.D.P.C offers one level of fiscal sponsorship:

Basic Service Provided
  • Secure online donations page (Click&Pledge)
  • Donation Processing
  • Donor tax receipts issued
  • Monthly contributed income & P&L reports
  • Basic grants administration and record-keeping
  • Special event compliance review
  • Review of fundraising materials/online campaigns
  • Access to online templates and resource library
  • Regular email updates with relevant opportunities and information
Services NOT offered by F.D.P.C. Fiscal Sponsorship Service include:
  • Payroll
  • Webhosting
  • Access to office space and facilities
  • Assistance with 501(c)3 application
  • Case-specific legal advice
  • Case-specific tax and/or accounting advice
  • F.D.P.C. is not a grant funding body
* It is a requirement of being fiscally sponsored by Faith Deliverance Pentecostal Org. that all groups maintain a city business license. F.D.P.C. can manage this process for client of our Comprehensive service. Clients accessing the Basic service must arrange for their own city business license, renewal, and maintenance.


Fiscal Sponsorship Service Costs

Establishment Fee $100– due at time of initial establishment of fiscal sponsorship agreement
Service Fee $150– percentage taken on revenue received by Shunpike on behalf of client
7% of contributed income*received
10% of all revenue#Annual Maintenance Fee$100 – Due on yearly renewal of fiscal sponsorship agreement
Minimum Opening Deposit $150 – required at time initial fund is established with Shunpike. No fee is taken on initial deposit.
Maximum Opening Deposit $100 – maximum amount of initial fund deposit that is free of fees. Additional funds over $2500 are accepted but are subject to Service Fee.
$2500*Only contributed revenue (i.e. donations & grants) can be accepted by F.D.P.C.on behalf of clients receiving the Basic service.# F.D.P.C. must receive all revenue (both contributed and earned), for client receiving the Comprehensive service. 
As part of its Basic Sponsorship Service, F.D.P.C. covers the following costs:
  • File and data storage (hard copy and digital)
  • Printing, stationery, and postage associated with donor letters (tax receipts)
  • Banking fees associated with groups’ funds
Costs not covered under Basic and Comprehensive Fiscal Sponsorship Service include:
  • Business Dates (these can be purchases separately for a non-refundable fee of $20)
  • Any merchant or administrative fees associated with revenue received
  • fdpc-sponsor.org.yolasite.com 206 859-3981