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Fiscal Sponsorship2019-07-24T17:39:53+00:00

We want yoga teachers to spend time teaching yoga to those in need, not filling out paperwork.

Our Fiscal Sponsorship Program helps new yoga service organizations do their good work without setting up their own nonprofit. This alternative to starting a nonprofit allows you to seek grants and solicit donations under our exempt status.

Accounting

We handle your bookkeeping, so you can focus on teaching yoga to those in need.

Grant Management

We receive, manage, and disburse your grants in alignment with tax and charitable law.

Mentorship

We provide administrative and operational guidance to help you pursue your mission.

Tax-Exempt Status

As a fiscal sponsee, you can seek grants and receive donations under our exempt status.

“Thanks to GBYF’s support, we spend our time training teachers and serving people with eating disorders — not doing taxes and admin work. Especially in the early years, being part of GBYF brought increased trust and respect to our work — we were able to secure large grants early on that we never otherwise would have been eligible for. We’ve grown within a community of other small nonprofits that have so much wisdom and information to share! We’re grateful to be part of Give Back.”

Chelsea Roff, Founder of Eat Breathe Thrive

Nikki and Mysh, Y12SR“Being fiscally sponsored by GBYF has allowed us to keep our energy and focus on our primary work—bringing Yoga of 12 Step Recovery into communities around the world. Being under an umbrella with other service oriented programs allows us to share ideas and resources. The relationships we have built as a result of this fiscal sponsorship have been invaluable. It has also allowed us to open doors we never knew were there.”

Nikki Myers and Mysh Kelly CaldwellYoga of 12-Step Recovery

Our Impact

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Who Can Apply

Before you apply for fiscal sponsorship, make sure that you meet these criteria:

  • Yoga Service Project: Your organization must must focus primarily on bringing yoga to in-need or under-resourced populations.

  • Based in the US: Your organization’s work must occur principally within the United States. At this time, we cannot provide fiscal sponsorship to international organizations.
  • Track Record: Your organization must demonstrate it has sustained its work for at least three years.

What We Support

We support innovative projects that bring yoga to populations that might not otherwise have the opportunity to practice.

Specifically, we look for projects which include four key elements:

Clarity

You have a clear mission, mandate, and long-term vision.

Quality

You can demonstrate impact through qualitative and quantitative data.

Scalability

You provide trainings and resources to yoga teachers.

Sustainability

Your organization has been in existence for at least three years.

FAQs

Why use a fiscal sponsor?2019-05-23T15:47:24+00:00

It’s easier to start a project through a fiscal sponsor for two reasons: time and money. It can be expensive, confusing, and time-consuming to establish and maintain an independent 501(c)3 . The application process generally requires a lawyer, and if/when you are approved as a 501(c)3 there are significant reporting and compliance measures you must follow to maintain your status. For some initiatives, fiscal sponsorship is a better option. Many fiscally-sponsored projects go on to form their own 501(c)3 later, and some (e.g. our Legacy Programs) remain under our umbrella for the long term because of the benefits they receive.

Our Fiscal Sponsorship Program eliminates the worry and hassle of establishing and maintaining your own 501(c)3, so you can focus on leading yoga service programs, establishing a viable financial model, and supporting volunteers and staff to implement the programs.

Is there a fee for fiscal sponsorship?2019-05-28T20:04:47+00:00

Yes, we do charge our fiscal sponsees a fee to cover the shared administrative costs associated with our services.

The start-up fee for new fiscal sponsees is $250. This covers the costs of setting your organization to receive grants and donations within our system. Once you are set up, we offer a tiered fee structure based on how much money your organization receives. The fee structure is as follows:

  • $0 – $50,000: 9%
  • $50,000 and up: 8%
  • $150,000 and up: 5%

These fees cover the costs associated with accounting, grant management, and administrative and operational guidance as needed to pursue your mission.

Does a fiscal sponsor provide funding for my project?2019-05-28T20:05:26+00:00

No, we do not provide funding directly to our fiscal sponsees. As with most fiscal sponsorship programs, you are required to raise your own funds. Most of our fiscal sponsees receive funding from private foundations, government grants, corporations, and individual donors. Many of our sponsees report that they are eligible for and entrusted with larger grants because of their association with our foundation, but we cannot make guarantees.

Does it matter where I set up my project?2019-05-23T15:49:19+00:00

Yes. We only provide fiscal sponsorship to projects headquartered within the United States.

Are there requirements about the mission or activities of my project?2019-05-28T20:05:59+00:00

Yes. The Give Back Yoga Foundation is chartered as a yoga service organization and requires that all its projects undertake activities that promote our organization. Your organization should primarily focus on making yoga accessible to those who might benefit from the practice.

What obligations come with being a fiscally sponsored project?2019-05-28T20:06:48+00:00

When you agree to become a fiscal sponsee, you accept the terms of our fiscal sponsorship agreement. As part of that agreement, you agree to undertake activities only in accordance with the express purposes stated in your project proposal. If you make any substantive changes in your project’s activity, it will need to be approved by our Board of Directors.

Who bears the legal responsibilities for my project’s activities?2019-05-23T15:51:14+00:00

In a fiscal sponsorship relationship, The Give Back Yoga Foundation bears full financial and legal liability for the activities of your project. Your project must use any funds you receive solely for the intended grant purposes. All other authority and responsibility related to your project rests with you, the grantee — including the preparation of grant reports to your funders.

Do the funds we raise for our project legally belong to us or to the foundation?2019-05-28T20:07:58+00:00

All funds you raise are the legally the property of The Give Back Yoga Foundation, since the tax-exempt 501(c)3 entity to whom the funds are given. However, under the fiscal sponsorship agreement, we are obligated to restrict those funds to your project with the exception of administrative fees.

If I seek fiscal sponsorship, should I avoid seeking 501(c)3 status for my project?2019-05-23T15:52:38+00:00

No. In fact, having a fiscal sponsor can help you progress more quickly toward becoming a viable non-profit organization. GBYF offers help in working through the process of becoming an independent organization if that is your ultimate goal.

Our New Fiscal Sponsees

Learn more about our fiscal sponsees and how they bring yoga to populations that might not otherwise have the opportunity to practice.

Black Yoga Teachers Alliance
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