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My understanding is that if you have actual applied for your 501c3
the IRS will allow you to collect funds that the donors will be able
to use as a tax deduction upon approval of the 501c3 status. You
might want to check on that to make sure. Charlotte<br>
<br>
<div class="moz-cite-prefix">On 8/27/2015 3:35 PM, Peggy Moretti
wrote:<br>
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<p class="MsoNormal"><span style="color:#1F497D">Restore Oregon
acts as a fiscal sponsor on occasion. You need to document
the arrangement carefully, as your organization becomes
responsible for that money. We charge a fee as we incur
management and bookkeeping fees to track the restricted
funds.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<div>
<p class="MsoNormal"><b><i><span
style="font-family:"Century
Schoolbook",serif;color:#1F497D">Peggy<o:p></o:p></span></i></b></p>
<p class="MsoNormal"><span
style="font-size:9.0pt;font-family:"Tw Cen
MT",sans-serif;color:#1F497D">Peggy Moretti, Exec.
Director<o:p></o:p></span></p>
<p class="MsoNormal"><b><span
style="font-size:9.0pt;font-family:"Century
Schoolbook",serif;color:#1F497D"><a
moz-do-not-send="true"
href="http://www.restoreoregon.org/"><span
style="color:#0563C1">RESTORE OREGON</span></a><o:p></o:p></span></b></p>
<p class="MsoNormal"><span
style="font-size:9.0pt;font-family:"Tw Cen
MT",sans-serif;color:#1F497D">503 243-1923<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<div>
<div style="border:none;border-top:solid #E1E1E1
1.0pt;padding:3.0pt 0in 0in 0in">
<p class="MsoNormal"><b>From:</b> OMS_MANAGERS
[<a class="moz-txt-link-freetext" href="mailto:oms_managers-bounces@listsmart.osl.state.or.us">mailto:oms_managers-bounces@listsmart.osl.state.or.us</a>]
<b>On Behalf Of </b>Alana Garner<br>
<b>Sent:</b> Thursday, August 27, 2015 2:28 PM<br>
<b>To:</b> <a class="moz-txt-link-abbreviated" href="mailto:oms_managers@listsmart.osl.state.or.us">oms_managers@listsmart.osl.state.or.us</a><br>
<b>Subject:</b> [OMS_MANAGERS] Being a fiscal agent<o:p></o:p></p>
</div>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Hello fellow Main Street-ers!<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I was curious if any of you are fiscal
agents for other groups in your community.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Our Board has been contacted about being a
fiscal agent for an upcoming 501c3 nonprofit so they can start
collecting funds while they wait for their non-profit status
to be processed.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Any insight, stories (good or bad), etc.
would be greatly appreciated.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thank you, and have a wonderful afternoon.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b><span style="color:#17365D">Alana Garner</span></b><span
style="color:#17365D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;color:black">Executive
Director</span><span style="color:black"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;color:black">Astoria
Downtown Historic District Association</span><span
style="color:black"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;color:black">Office:
No.1-12<sup>th</sup> Street, Suite 114<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;color:black">Mailing:
PO Box 261</span><span style="color:black"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;color:black">Astoria,
OR 97103</span><span style="color:black"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;color:black">Phone:
(503) 791-7940</span><span style="color:black"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;color:black">Fax:
(503) 325-8425</span><span style="color:black"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;color:black"><a
moz-do-not-send="true"
href="mailto:alana@astoriadowntown.com"><a class="moz-txt-link-abbreviated" href="mailto:alana@astoriadowntown.com">alana@astoriadowntown.com</a></a><o:p></o:p></span></p>
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href="http://www.astoriadowntown.com/">astoriadowntown.com</a><o:p></o:p></span></p>
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