Donor-Advised Funding
A Donor-Advised Fund (DAF) is a philanthropic vehicle that allows donors to make charitable contributions, receive an immediate tax benefit, and then recommend grants from the fund over time. When a donor contributes to a DAF, they deposit cash, securities, or other assets into a fund managed by a sponsoring organization, such as a community foundation or a financial institution's charitable arm. The donor immediately receives a tax deduction for the donation. The funds are then invested, and the investment growth is tax-free. The donor retains advisory privileges over the investment allocation and can recommend grants to qualified charitable organizations at their discretion. This setup provides donors with a flexible way to manage their charitable giving, allowing them to support various causes and organizations as they choose.
Corporate Matching
Corporate matching is a program where companies match charitable donations made by their employees, effectively doubling or sometimes even tripling the original contribution. If your company offers this benefit, it means that when you donate to a nonprofit like NACPM, your employer will also donate the same amount (or more), increasing the impact of your gift.
To check if your company offers a matching gift program contact your Human Resources or Benefits department or search the employee benefits section. If available, submit your donation receipt to your company’s matching program to initiate the process.
Fiscal Sponsorship
Fiscal sponsorship is a financial and legal system in which a non-profit organization offers its legal and tax-exempt status to a project or initiative that aligns with the non-profit's mission but does not have its own non-profit status. This arrangement allows the project to solicit and receive tax-deductible donations and grants under the umbrella of the sponsor's exempt status. In this relationship, the fiscal sponsor typically handles administrative tasks, including managing donations, overseeing accounting and reporting, and ensuring compliance with tax laws. The project benefits by being able to focus on its programmatic work without the complexities of establishing and maintaining a separate non-profit entity. This model is particularly useful for new initiatives, short-term projects, or groups that prefer to avoid the bureaucracy and expense of forming a separate non-profit.
Although NACPM is a non-profit organization, we are not eligible for 501c3 status but rather 501c6 because of the legislative and advocacy work we engage in. We are very grateful that Sojours Community Clinic, a 501c3, has agreed to be our fiscal sponsor for several years. This means that donations can be received by them and for a small administrative fee they pass the funds on to NACPM and they will provide a tax exemption letter for donations.
Sojourns Community Clinic EIN - 62-1789197
Address: Sojourns Community Health Clinic 4923 US Route 5 Westminster, VT 05158
Checks should be made out to Sojourns Community Health Clinic and NACPM written in the memo line and mailed to:
Courtney Grenier, Sojourns Community Health Clinic
4923 U.S. Route 5, Westminster, VT 05158