Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Fiscal Sponsorship topic
No spam. Unsubscribe anytime.
Commission weighs fiscal-sponsorship offer from Evergreen Social Impact with 10—12.5% fee schedule
Summary
Staff reported an Evergreen Social Impact proposal to provide fiscal sponsorship and donation management, charging 10% on individual donations, 7.5% on non-government grants and 12.5% on government-source grants; commissioners asked for written proposals, multiple vendor options and a special meeting to decide.
Get email alerts on the Fiscal Sponsorship topic
No spam. Unsubscribe anytime.
Staff summarized outreach to potential fiscal sponsors and presented a proposal from Evergreen Social Impact, the only organization willing so far to sponsor the commission's fundraising and donation processing. The proposed fee structure: 10% on individual donations, 7.5% on non-government grants and 12.5% on government-source grants; Evergreen would handle tax-deductible receipts and related administrative tasks.
Commissioners expressed concern about single-vendor dependence and asked for written proposals and a formal vote, with several asking for more time to vet terms and restrictions that accompany fiscal sponsorships. Staff said they would circulate the full Evergreen proposal, schedule a special meeting for commissioner review and asked commissioners to respond promptly because the sponsor had already been waiting for an answer.
