Our Services.
Philanthropic Impact Foundation (PIF) provides efficient non-profit administration.
PIF is a 501(c)(3) charitable organization that provides a legal structure under which charitable programs may operate, acting as fiscal sponsor. Many times, groups waiting for IRS 501(c)(3) determination may use a fiscal sponsor to get started quickly.
Other programs find using a fiscal sponsor long-term is the right option. The Philanthropic Impact Foundation primarily provides a Pre-Approved Grant Relationship Fiscal Sponsorship (or a “Model C” fiscal sponsorship), with additional services. PIF is a public charity, so funds may be collected from private foundations, the public, special events or campaigns, or multiple donors.
FAQ
Will my organization be able to receive online contributions?
PIF offers your program an online donation page to assist with your fundraising efforts. The donate page will typically mirror the design of your existing website – all we need is a sample URL page to get started!
Will I be able to operate as a nonprofit organization?
By working under Philanthropic Impact Foundation’s own 501(c)(3) charitable status, you are able to focus your time and efforts to fundraise and to deliver the program(s) that you want to put into place. PIF handles all of the back-office and administrative duties that are necessary to effectively manage your program, and follows all IRS regulations governing public charities.
To whom are donations made payable?
Your donors may make donations via checks payable to Philanthropic Impact Foundation or the name of your charitable program name. PIF will acknowledge each donation, as required by the IRS.
Do we have to register to receive donations in states that require donations?
Philanthropic Impact Foundation is positioned as a national organization, and has filed required charitable registrations in the States that require filings. The cost and labor associated with these registrations are absorbed by PIF and are part of the services and benefits that PIF offers as a fiscal sponsor.
Are individual donors made public?
PIF does not publicize or list individual donors to any of its sponsored programs.
Do we have to register to receive donations in states that require donations?
Philanthropic Impact Foundation is positioned as a national organization, and has filed required charitable registrations in the States that require filings. The cost and labor associated with these registrations are absorbed by PIF and are part of the services and benefits that PIF offers as a fiscal sponsor.
Are there restrictions on grants made from my organization?
PIF-sponsored programs may recommend grants to other 501(c)(3) organizations for general support or for restricted purposes. No funds provided by PIF may be used for any political campaign, or to support attempts to influence legislation by any governmental body, nor to individuals.
Will I be required to establish a Board of Directors?
Philanthropic Impact Foundation acknowledges that a sponsored program may be structured to include a Board of Advisors, or another group to assist with the strategy, development and execution of program activities to achieve the program’s mission. Only the PIF Board of Directors will have legal and fiduciary responsibility over the funds raised, but will take recommendations by the program’s advisors to make grants and other expenditures that are related to the program’s activities.
What insurances must my organization carry?
PIF carries general liability insurance, but programs may obtain its own insurance depending on its planned activities. Special events many require additional coverage, but PIF may assist with this under its own policies.
How does the Philanthropic Impact Foundation report my activities to the IRS?
Philanthropic Impact Foundation files an annual IRS Form 990 (tax return) and aggregates the income and expenditures of all if its sponsored programs into one tax return. Additionally, an annual independent audit is performed on PIF accounting.
EIN: 86-2055661