FISCAL AGENCY

Removing barriers to funding for community groups,
so they can focus on the life-changing work they do best.

WHY FISCAL AGENCY?

Small, community-led groups and organizations face laborious processes and liabilities in order to achieve a tax-exempt status. But Monteverde Community Fund removes those barriers by acting as their fiscal sponsor and enabling them to receive tax-free donations.

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*Photo courtesy of Far Corners Musical Theatre

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WHAT IS A FISCAL AGENT?

A fiscal agent is an established IRS 501(c)(3) tax-exempt organization that agrees to accept donations on behalf of a group that does not have IRS tax exemption. Under this arrangement, a charitable group can get more funding to perform its mission. Source: Houston Chronicle

HOW DOES IT WORK?

Donations made to an organization for which MCF is the fiscal agent are processed by MCF staff.  MCF requires a 7% commission for account management, liability, and reporting.

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*Photo courtesy of Corclima

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FISCAL AGENCY PARTNERS

Commissions and groups that use/have used MCF as their financial institution:

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CLIMATE ACTION

The Monteverde Commission for Resilience to Climate Change

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PUBLIC LIBRARY

Santa Elena Interactive Public Library

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MUSICAL THEATRE

Far Corners Community Musical Theatre

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MUNICIPAL WASTE PLANNING

Integrated Solid Waste Management Commission (former fiscal agency partner)

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MV ANIMAL RESCUE

A group of local volunteers who raise funds to help educate about and prevent the overpopulation of homeless animals in the area.

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“The Community Fund’s role is so unique and important. It provides the local investment in bottom-up processes that helps us [COMIRES] build a solid foundation for our ideas, which in turn allows us to then leverage outside resources.”

-Justin Welch, member of COMIRES and former MCF Executive Director