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What is fiscal sponsorship?

The Pennsylvania Parks Fund is a fiscally sponsored project of Social Good. This leads many individuals to asking us what does it mean to be fiscally sponsored? Glad you asked! When you are fiscally sponsored, you are a project of the sponsor (in our case, Social Good.) Through this sponsorship, your donations to the Pennsylvania Parks Fund are tax deductible. The funds are held by our fiscal sponsor Social Good. When the Pennsylvania Parks Fund approves a grant to a park, Social Good sends the check. At the end of the day, you can think of fiscal sponsorship as an incubator. Start up projects start up under a fiscal sponsor before eventually going on to apply for their own 501(c)(3) status. If you have any further questions, feel free to ask us.