The New Venture Fund collaborates with change leaders to build a fair, healthy, and sustainable world for all people. We help implement a range of public-interest projects on issues such as conservation, global health, public policy, international development, education, disaster recovery, and the arts.
We do this by supporting projects that share our purpose of creating positive impact, providing an avenue for innovative approaches and bold action. Using the fiscal sponsorship model, we ensure that leaders have the operational assistance and expertise they need to drive change.
Since our creation in 2006, we’ve looked to creatively solve problems by building on an established model known as fiscal sponsorship, which provides operational expertise to our change leaders to save them time, energy, and resources.
Fiscal sponsorship is a tool that allows us, our projects, our partners, and our staff to drive change in a more efficient, cost-effective, and time-saving way.
Fiscal sponsors, like the New Venture Fund, are nonprofit organizations that house projects for people or groups who want to engage in charitable activities. Fiscal sponsors serve as the administrative host of projects so that projects don’t have to go to the trouble and expense of establishing themselves as independent nonprofit organizations.
This is a practice that has existed since the 1950s, when the parts of the tax code that govern the nonprofit sector were written. While any nonprofit can provide fiscal sponsorship to a project, over the last decade, the New Venture Fund and other organizations established a model of professional fiscal sponsorship. This model, where an organization has a mission to provide fiscal sponsorship, has reshaped the sector and provided a valuable platform for charitable work.
To learn more about fiscal sponsorship, check out our FAQ.