Fiscal Sponsorship
As a fiscal sponsor, Ada S. McKinley provides administrative services, technical assistance, fiduciary oversight, and human resources for small businesses and not-for profits engaged in charitable work. Fiscal sponsorship is a safe and supportive home for small businesses and not-for-profits that are hoping to meet their mission regardless of their IRS standing, longevity, and administrative & structural efficacy.
By providing these invaluable tools and services, Ada S. McKinley has worked collaboratively with small businesses and not-for-profits who need help to meet their mission and enrich the people and communities in Illinois.
We customize services based on the specific needs of your project/initiative. Fiscal sponsorship with Ada S. McKinley may include:
- Reviewing grant requests submitted for funding under Ada S. McKinley’s name;
- Receiving funding or contributions for the project/initiative;
- Submitting payment of invoices for goods and services rendered to execute the project/initiative;
- Reviewing and receiving copies of completed reports in support of the project/initiative, as requested;
- Providing periodic financial reports/activity review of financial activity throughout and at the conclusion of the Project/Initiative, or as requested;
- Entering into contracts on behalf of the project/initiative;
- Engaging staff or independent contractors to provide resources for the project/initiative, and;
- Providing certain administrative and operational assistance.
To Learn More about our fiscal sponsorship for small businesses and not-for-profits, please email [email protected].
