What is OCF?
Open Collective Foundation (OCF) is a fiscal sponsor (aka fiscal host - what's that?) dedicated to providing a simple, open, lightweight path for charitable Collectives and communities to operate through a 501(c)(3) charitable entity (what's that?).
Hosted Collectives that align with our impact areas have access to the unique Open Collective online platform for managing their funds. They can also receive tax-deductible contributions through our 501(c)(3) status.
What is Open Collective? It's is an open-source, online fundraising platform for open and transparent communities. We provide the tools you need to raise and share your finances in full transparency. 'Open Collective' founded 'Open Collective Foundation' as part of its mission to help collaborative groups collect and spend money transparently.
We are 1 node in an international network of 600 nonprofits, LLCs, and co-ops around the world that use the same, open source software to create efficiencies with money.
For the latest on our approach to fiscal sponsorship and the solidarity economy, check out Solidarity as our Guiding Principle.
Open Collective is a growing ecosystem. In addition to OCF, in our network, we also have:
We exist to take care of the difficult administrative aspects of running a 501(c)(3) so that—instead of a bunch of compliance headaches—you can focus on impact work in your community! You don’t even need to set up a legal entity or bank account.
Through Open Collective Foundation, you can:
- Manage finances transparently
- Receive tax-deductible contributions
- Pay your team, contractors, and vendors
- Receive financial contributions by credit card, PayPal, electronic bank transfer, check, or donor-advised fund
Open Collective Foundation can be the home for your Collective’s finances. As your fiscal host, we can be your legal entity and provide you with the financial tools you need to make an impact on the world! Read more about what we offer.
Open Collective Foundation’s hosted Collectives are totally transparent about how their funds are used, taking the pain out of financial reporting for both you and your grant recipients. Our platform also ensures that your donated funds go to our hosted Collectives quickly and easily so they can get down to the business of serving their community.
Check out our page on Open Collective to see the over 300 Collectives we host, as well as our transparent operating budget.
💡 If you would like to learn about making tax-deductible financial contributions to our hosted Collectives, see the Financial Contributions overview.
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Last modified 8mo ago