Fiscal Sponsor Organizations

we have a dba for our organization as a whole and managing the multiple registrations and communicating the identity of the organization gets much more difficult.

We are lucky that Mazlo’s banking partners are aware of the fiscal sponsor structure and will accept checks made out to our FSO’s. Prior to Mazlo, we would liberally reject checks made out incorrectly and hammer it to projects that they had to effectively communicate their tax status to their founders. It was a harsh and annoying policy but ultimately the only way.

@Harry Meltzer I would think this is the way to go in terms of not looking like a pass through? Do you have model A or model C for this?

Truthfully, we don’t distinguish between the models. For our purposes, it’s all the same, and all the same expense policies apply.

We do a DBA for each of our programs once we receive the first check payable to a program’s name. Mercury Bank has been great allowing us to add an unlimited amount of DBAs to our account while most other’s only allow one.

@Amanda LaFleur We have a regional bank that we adore. They seriously came out and met with us for almost 2 hours last week just to touch base and make sure we were taking advantage of all the programs and security features they have. They would definitely let us do this.

@Lisa Dugdale Oh that’s great! Yes go for it!