Fiscal sponsorship
Model A fiscal sponsorship under Paramount Impact. Accept tax-deductible donations, run on dedicated infrastructure, and stay focused on mission — without the cost and delay of forming your own nonprofit first.
Your project becomes a program of Paramount Impact. Contributions belong to Paramount Impact legally and are designated for your project's use. You direct mission activities and submit disbursement requests for approved expenses — with real infrastructure behind every dollar.
Timeline
Application
3–5 business day review of purpose, leadership & budget
Agreement
Sign Model A fiscal sponsorship agreement & fee schedule
Banking
Dedicated subaccount opened in 1–2 days
Launch
Begin accepting tax-deductible donations & grant applications
In depth
Too many "sponsors" offer a logo and a bank account. Paramount Impact treats sponsored projects as programs of a public charity — with purpose tests, documentation, and donor confidence built in.
Your project becomes a program of Paramount Impact. Legally, contributions are gifts to our public charity, restricted for your project's charitable purposes. We maintain oversight; you lead mission execution within the sponsorship agreement. This is the most protective structure for donors, foundations, and project leaders alike.
Each active project receives a segregated subaccount. Disbursements follow approved budgets and charitable purpose tests. Debit cards (when issued) still require receipt upload. We reconcile monthly so you always know the project's available balance.
You submit quarterly program narratives and maintain documentation. Annual financial reporting is due within 45 days of fiscal year end. Paramount Impact files Form 990 at the organization level — you focus on impact, not building a finance department from scratch.
Donors receive acknowledgment letters from Paramount Impact. Many private foundations will fund fiscally sponsored projects with a letter of support citing our EIN. You may apply for grants in our name when appropriate — we help you present cleanly.
When you're ready to grow
Fiscal sponsorship is often the right first chapter — not the last. When your project has stable funding, governance capacity, and a clear long-term plan, we support a responsible spin-out: IRS determination coordination, transfer of remaining restricted funds under agreement terms, and a clean handoff so donors stay confident.
Who thrives under sponsorship
Political campaigning, private benefit, and non-charitable commercial activity are not eligible.
Eligibility quiz
Educational self-assessment only — not an application decision.
Question 1 of 5
What best describes your project's primary purpose?
Question 2 of 5
Will donations be used exclusively for charitable activities?
Question 3 of 5
Do you need to pay founders a profit distribution from donations?
Question 4 of 5
Can you provide quarterly program reports and maintain receipts?
Question 5 of 5
When do you need to start accepting donations?
Fiscal sponsorship can have you accepting tax-deductible gifts in roughly two weeks after approval — with compliance you can stand behind.
