PHILANTHROPIC SUPPORT
Fiscal Sponsorship for News Organizations
Organizations in need of philanthropic support can have JFP serve as a fiscal sponsor, allowing individuals or institutional donors to make contributions through JFP.
JFP selects projects that align with the emphasis on increasing local journalism's depth, diversity and sustainability. What JFP provides are enabling major gifts to local journalism, fundraising guidance and training for journalism professionals and enabling broad community giving to local journalism.
JFP works under a Model C sponsorship. Model C sponsorship is essentially a relationship between the grantor-grantee and the sponsor of the project. JFP charges an administrative fee that covers any costs such as donor management, reporting, accounting, administering the fund, ensuring legal guidance, and assuring news organizations maintain editorial independence..
Again: JFP ensures that news organizations are not influenced or directed by any outside agency
Projects that are a part of our fiscal sponsorship receive the following benefits:
The means to be able to solicit and receive tax-deductible donations and grants.
Credit cards, check donations, stock transfers, donor-advised funds (DAFs) and corporate matching gifts are all able to be processed.
Use of our registered charitable status across the country allows projects to receive donations from anywhere.
Annual 990 filing with the IRS for all philanthropic funds acquired.
Annual financial audit, as mandated by the IRS.
Donor-acknowledgment letters are sent to all that have donated, no matter the price. Every donation matters