The Latino Community Fund of Washington offers fiscal sponsorship to organizations and programs in various development phases. Through this capacity building, LCF provides technical assistance, leadership development, and fundraising support to programs and organizations that provide value to the Latino community in our state.

LCF is a 501(c)3 organization. As a fiscal sponsor, we provide capacity support for organizations to receive funding, manage their operations, and deliver community drive programs in WA State. 

FISCAL SPONSORSHIP PROGRAM

Fiscal sponsorship is an excellent way for a tax-exempt 501(c)(3) organization (the sponsor) to help another group (the sponsored partner). LCF acts as a fiscal sponsor, meaning we handle the legal and financial responsibilities for any sponsored partner. As a result, the Partner organization's goals must align with our mission to ensure a strong partnership. As a fiscal sponsor, we offer fiduciary oversight, financial management, and a variety of administrative services to help support and grow the capacity of the charitable project or group. If a potential Partner's mission aligns with ours, we'll work together to create a formal written agreement.

One of the great benefits of fiscal sponsorship is that it allows a sponsored partner to apply for grants and accept tax-deductible donations. This support helps reduce their costs, conserve resources, avoid unnecessary staff duplication, and simplify organizational tasks.

When managed well, fiscal sponsorship can be an excellent way for new ideas or newly formed nonprofits to get started and make the most of the sponsor's administrative resources. Many budding nonprofit groups choose to work with fiscal sponsors while they wait for their IRS 501(c)(3) status.


TYPES OF FISCAL SPONSORSHIP

We provide Model A Fiscal Sponsorship. In Model A, the fiscally-sponsored partner becomes a program of the fiscal sponsor and is fully integrated into the fiscal sponsor. The sponsor receives charitable donations and grants as its own assets and then makes the funds available to the project while maintaining discretion and control.

As the legal, tax-exempt entity under which the partner operates, LCF is the legal party and signatory to all contracts entered into on behalf of the project, including grant agreements.

Fiscal Sponsorship Fee: 10% Fee on all revenue of group (negotiable on some funds for flat fees when applicable → EXAMPLE: Funds arriving right before a group spins off and we hold funds for a limited time with little to no use)
Tiered Fee: 10% fee up to $500,000 in revenue, after which an assessment on funds will be conducted to identify a fiscal sponsorship fee of 10-15% on any revenue over $500,000.


BENEFITS & SERVICES

Click here for full list of benefits and services. Please refer to page #5 of our Fiscal Sponsorship PDF.

APPLY HERE

Interested parties can contact us by filling out the form below to schedule a meeting. In this meeting, we will discuss project alignment, along with your mission, vision, budget, and the reasons you need fiscal sponsorship. We will also review key policies and answer any questions you may have.

If you are eligible and remain interested afterward, we will provide you with a link to the application.

The Board of Directors will review the application to determine whether the project qualifies for our services. Once approved, both parties will sign a Fiscal Sponsorship Agreement that outlines the terms.

With the agreement in place, projects can begin fundraising, with donations sent directly to LCF. Expenses incurred by the project can be reimbursed by LCF. We will maintain detailed records and provide financial reports to project leaders as needed.

CLICK HERE to fill our the fiscal sponsorship interest form.

You can email us at [email protected] if you have any questions.

Organizations that are currently fiscally sponsored by LCF:

• King County Promotores Network (King County) 
• Latinos Promoting Good Health (Statewide)
• Laurel RubinFarm Worker Justice Project (Statewide)
• Latinx Health Board (King County)
• Latino NW Communications (King County)
• Women's Health Outreach (King and Snohomish County)
• Washington State Institute for a Democratic Future (Statewide)

Past Fiscally Sponsored Groups

• Amigos Latinos Burien (King County)

• Barra Fuerza Verde - La Copita (King County)

• Centro Comunitario De Autoayuda (King County)

• Comunidad Latina de Vashon (Vashon Island)

• Esperanza Mobile Family Resource Center (Pierce County)

• Firelands Workers United/Trabajadores Unidos

• Community Health Worker Coalition of Migrants and Refugees

• Front and Centered (formerly Communities of Color for Climate Justice)

• Hispanic Seafair

• Puentes

• South Park Retail Merchants' Association

• Tlalok

• Barra Fuerza Verde

• Lograr Salud

• United Lower Valley

• Comunidades Sin Fronteras Washington

• Port Community Action Network\

• Latinos Unidos de Grant County

• We are comunidad (King, Pierce, and Vashon Island)