Monteverde Community Fund

Provincia de Puntarenas, Monteverde, Costa Rica

©2019 by Fondo Comunitario Monteverde. Photos courtesy of Mau Valverde and other Monteverde community members.
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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.

*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.

*Photo courtesy of Corclima

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FISCAL AGENCY PARTNERS

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

CLIMATE ACTION

The Monteverde Commission for Resilience to Climate Change

PUBLIC LIBRARY

Santa Elena Interactive Public Library

MUSICAL THEATRE

Far Corners Community Musical Theatre

MUNICIPAL WASTE PLANNING

Integrated Solid Waste Management Commission (former fiscal agency partner)

“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