Project Incubation

The New Venture Fund helps social entrepreneurs and visionary funders launch projects designed to make the world a better place.  We minimize startup obstacles and facilitate quick ramp-up of innovative nonprofit projects. The fiscal sponsorship we provide enables new ventures to receive tax-deductible donations and federal grants immediately -- and to begin work delivering on their missions without the additional administrative burdens associated with becoming independent 501(c)(3) organizations.  NVF also provides fiscal sponsorship to projects on an interim basis as they await their IRS determinations.

As part of fiscal sponsorship, NVF provides infrastructure support enabling donors and social entrepreneurs to focus on building and executing their programs. Our fiscal sponsorship support services include:

• Providing logistical and operational support to execute contracts and manage vendor relationships
• Project management support, ensuring that the work complies with grant agreements and relevant federal and state regulatory requirements
• Producing monthly financial reports for project managers
• Tailored consulting services to enhance strategy, program execution and evaluation
• Keeping a project's books and managing its financial accounts
• Managing payroll, benefits and related employer federal and state reporting
• Managing all federal and state nonprofit tax requirements
• Helping to develop funding requests by providing financial and administrative documentation, and assisting in developing post-grant reports and donor letters