Open Collective Foundation can fiscally sponsor Collectives that meet the following requirements:
- Activities must be charitable, to benefit and open to the public (per IRS requirements for 501(c)(3)s)
🌟 Make sure to review our Terms of Fiscal Sponsorship agreement, Processes and Limitations, Community Guidelines, and overview of fiscal sponsorship and fiscal hosting to ensure that your Collective fits with our service. (“Plain English” hints are provided with our Terms to help you decipher the legalese.)
During your time with Open Collective Foundation and on the Open Collective platform, you and anyone involved in the Collective are expected to follow our Community Guidelines and adhere to the platform’s Terms of Service.
Here are things that are not required by Open Collective Foundation that are sometimes requested by other fiscal sponsors:
- No application fees.
- No yearly flat fee (only a small percentage fee on funds raised)
- No minimum budget balance.
- No minimum amount you have to raise per year.
- No intense reporting requirements (the platform automates that!) other than posting a straightforward annual Update to your Collective page.
Open Collective is a home for your community or collaborative charitable project - no matter how much money comes in.
If accepted to be hosted by Open Collective Foundation, any raised funds are now part of the 501(c)(3) space and must remain in it. This mean if you ever want to transition away from OCF or close your account, the funds will either need to be disbursed to the community or transferred to other 501(c)(3)s.
If you meet the above requirements, check out How To Apply for your next steps or Submit an Application.
Or to learn more about How it Works, keep reading these Docs:
Last modified 10mo ago