- Legal infrastructure of a 501(c)(3) Nonprofit entity, IRS tax-exemption, and charitable registration that you can be a project of. As a fiscal sponsor we have incorporated as a nonprofit entity in accordance with the requirements of CALIFORNIA state and UNITED STATES federal law and remain in good standing.
- Compliance with Terms of Grants - We ensure projects comply with financial, programmatic, and administrative requirements of grants.
- Funding Resources & Sufficiency of Systems - We build, maintain, and continually improve systems and tools for fundraising, administrative and technical support. Support resources currently include, but are not limited to, the following, and are subject to change upon the express discretion of the fiscal sponsor to maintain up-to-date best practices:
- Google for Nonprofit benefits
- TechSoup Membership
- Airtable Funder Database
- Facebook Fundraisers & Ads
- GoFund Me Campaigns
- PayPal Giving Fund
- Stripe Payment Processing
- Coinbase Donation Portal
- Fidelity Securities Account
- Cross-project collaboration opportunities in the Slack Workspace
- The Foundation Center’s Online Directory database of grants
- Nonprofit Canva account
- Systems for Handling Funds - We establish and maintain sound systems, policies, and procedures for the appropriate processing and disbursement of funds raised.
- Project Fund Monitoring & Financial oversight – We monitor all projects for appropriateness of expenditures and for fiscal solvency and routinely review project fund balances down to the level of individual grants.
- Legal compliance & Legal Signatory – We review and approve all contracts, leases, and other legally binding project commitments that name Far Away Project as holding company.
- Operational Policies and Procedures – We maintain clear written operational policies and procedures, orienting all staff and project leaders about their intent and practical implementation.
- Dedicated Project Support Team – We work closely with projects to help coach, train, and develop strategies for project development and assist with fundraising strategies.
- Uses of Project Funds and Assets - Except for the agreed-upon administrative overhead charges to sponsored projects and the exercise of its variance powers, we do not expend funds dedicated for project purposes for any other purpose unless ordered by a court of law or government agency.
- Equal Opportunity, Diversity & Inclusion Policy – We have a policy to ensure our work and our projects are equally representative of the people we represent.
- Advisory support – We provide an advisor to support initiatives in guiding through the process or questions, grant, and valuable connections to further their work.
Project Support
- Grant advisory support – We provide a grant review process, “What to prepare for writing a grant” Grant Proposal elements and good practices.
- Capacity building & Skills Trainings - We provide access to technical assistance, organization development and support to grow the organization and project impact.
- Social Media Support
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