[Free Guide] How LGL can help fiscal sponsors manage their operations

If your organization is acting as a fiscal sponsor of one or a few projects, it’s crucial that you can easily find and report on gifts to a particular sponsored project (which are essentially restricted funds). And, it’s best practice to segment donors who’ve supported individual projects so they can receive project-specific updates in the future. 

That’s why we created a guide to help organizations that provide fiscal sponsorship to a limited number of projects understand how to use Little Green Light to effectively manage gifts received in support of a sponsored project. 

Here’s what the LGL guide for fiscal sponsors covers:

• Entering gifts received for a sponsored project, whether received online or by check
• Acknowledging gifts
• Maintaining good data hygiene
• Syncing gifts to QuickBooks Online
• Sending annual statements
• Sharing reports with your sponsored project
• Reporting on funds raised in support of a sponsored project
• Ongoing communications with donors

We want to offer our sincere thanks to Andrew Schulman of Schulman Consulting, a specialized consulting practice focused exclusively on fiscal sponsorship, for sharing his expertise as we prepared this guide. And if you’re looking for more guidance, consider registering for Andrew’s Fiscal Sponsor Conversations, a free weekly conversation focused on the needs, challenges, and goals of fiscal sponsors. Open only to fiscal sponsors, each session is focused on a specific topic and features some combination of large group discussion, small group breakouts and/or expert guest speakers.

If you’re wondering how Little Green Light can help you manage your work as a fiscal sponsor, request a free copy of our ebook today.

Note:

Note: If your organization is under fiscal sponsorship (and not acting as a fiscal sponsor), we encourage you to read this resource and share it with your fiscal sponsor as it will help both entities think through the particulars and determine the approach that best suits your arrangement.