I am planning a national nonprofit that will help U.S. military servicemen and women injured during the wars in Afghanistan and Iraq, and I am considering starting with a fiscal sponsor rather than creating a 501(c)(3). -Dana Hendrickson, founder, Rebuild Hope, Menlo Park, Ca.
It's very common to get an organization started, especially a small one, under an established nonprofit. You'll have to operate just like a nonprofit in order to not jeopardize the status of the umbrella one. It's important to be clear with the management and board of the host nonprofit what the relationship will be. It can range from full service support, including your office space, for a specified fee, to just being a fiscal agent for grants and donations. You might also agree on a specific period in which this arrangement will be in effect, perhaps a year or six months while your application for nonprofit status is being considered, you are forming you steering committee (which can morph into your board), and completing other tasks involved in starting a nonprofit.
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