If your Collective is hosted by the Foundation, donations are tax-deductible for your financial contributors.
You retain ownership of all your initiative's intellectual property.
We will hold and manage funds on behalf of your initiative and we won't use them for anything else.
If you want to enter into an agreement with anyone else, such as a contract with a vendor or providing a specific service to a sponsor, you need to get our permission, because legally the agreement would be with Open Collective Foundation.
You initiative cannot have multiple fiscal sponsors or outside bank accounts. All funds must be held in your Open Collective account in order to accurately represent your budget/activities.
The application will have you choose whether you are starting a new collective or applying with an existing one. Then we'll provide you with some more information about being hosted by Open Collective Foundation and ask you to accept our Terms of Fiscal Sponsorship Agreement. Once you have reviewed our terms, proceed and review our fee structure as well.
❓ If we have questions about your application, we may reach out to you to schedule a chat or request additional materials.
🚫 If your application is rejected, you will be informed as to why. You are welcome to reapply if adjustments are made to align with our requirements. We try to respond to applications within two business days.
✅ If your initiative is accepted, congratulations! Once you have set up your initiative’s Open Collective page, you can begin accepting contributions (donations). We will reach out to notify you of your acceptance. We will provide you with a copy of your application for your reference (you may want to use the answers you submitted to expand your Open Collective profile) and instructions for how to get started!
If you are transitioning from another fiscal host that uses the Open Collective platform, the process is relatively simple. If your initiative is currently with another organization that does not use Open Collective, the process will depend on that organization’s requirements, but in a nutshell they can transfer your money over and you can get up and running with OCF.
Please be sure to communicate your plans to both OCF and your old fiscal host in advance of your application to ensure a smooth transition. Once you have tied up any loose ends with your current host, they can transfer the funds to us electronically or send it to us by check. We can issue an invoice to them and sign agreements if needed.