Academic Decathlon
Fiscal Sponsorship
Greater Los Angeles Foundation is proud to be the 501(c)(3) fiscal sponsor for initiatives and projects that work to improve outcomes for Los Angeles County K-12 students along with their teachers, schools and communities through the Los Angeles County Office of Education and the 80 districts it serves.
What is Fiscal Sponsorship?
Fiscal sponsorship allows education-based, mission-aligned projects to operate under Greater Los Angeles Education Foundation’s 501(c)(3) status and accept charitable funding from foundations and individual donors. The Foundation holds all fiduciary responsibility for a project while project leads remain the experts on programming.
Why Choose the Greater Los Angeles Education Fund?
Increase Efficiency & Impact of your project:
If eligible, 501(c)(3) status requires $5K-10K in startup costs. Managing a nonprofit requires more administrative time and money than most people realize – that could be focused on your program work.
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Access Expertise in Financial Management:
Our team has extensive experience in financial management and grant management. All of your funds are audited yearly and our accounting practices are always in line with the latest Federal and California state laws.
Engage Donors & Funders:
We provide an established and reputable vehicle for funding — from individual donors and private foundations. Your donors receive tax donation letters regardless of the amount and as our fiscally sponsored project, your work is eligible for foundation grants.
Which Projects are Eligible?
To set up a fiscally sponsored project with the Greater Los Angeles Education Foundation, your project, school, or department must be aligned with our mission to support public education and have a physical presence in Los Angeles County.
How Does This Work?
GLAEF offers what’s often known as Model C fiscal sponsorship. In this Model, projects (often schools or school districts in our case) fundraise on behalf of their charitable work. Those funds come to GLAEF, which is responsible for ensuring the funds are spent only on the work for which they are intended.
Through a process known as re-granting, GLAEF disburses funds to the project team who is then responsible for keeping track of how those funds are spent and reporting that back to GLAEF.
What are the Costs?
When initiating a fiscally sponsored project, you participate in sharing the service costs with other projects within the program. Each project allocates a portion of all funds it raises towards these costs. Currently, our shared cost rate stands at 10%.