Fiscal Sponsorship
Last updated
Last updated
Nora PBC uses a fiscal sponsor to accept contributions specifically for supporting CSI’s efforts. CSI is a time-sensitive initiative designed to achieve specific objectives that improve child safety. This arrangement ensures that resources are managed effectively and allocated toward achieving measurable outcomes in alignment with CSI’s purpose.
Why Nora PBC uses a fiscal sponsor for CSI:
Targeted Funding for Milestones: The fiscal sponsor facilitates the secure acceptance and management of charitable contributions dedicated to achieving specific, time-sensitive objectives of CSI.
Enhanced Accountability: By working with a fiscal sponsor, Nora PBC ensures that all contributions are disbursed transparently and directly tied to accomplishing CSI's objectives.
Focus on Results: The fiscal sponsorship arrangement allows Nora PBC to focus on implementing CSI’s activities without the administrative burden of managing charitable contributions internally.
Credibility with Funders: Partnering with an established fiscal sponsor reassures funders that their contributions are being used responsibly to achieve clearly defined, measurable outcomes.
Key Functions of the Fiscal Sponsor:
Fund Management: Accepts, manages, and disburses contributions in alignment with CSI’s objectives.
Compliance Oversight: Ensures that all contributions comply with legal and regulatory requirements for charitable activities.
Consultative Support: Provides strategic advice on fund allocation and reporting to ensure milestone achievement and contributor satisfaction.
How Nora PBC, CSI, NORA, and the Fiscal Sponsor Work Together:
Nora PBC’s Role:
Implements CSI’s objectives by leveraging its operational expertise to achieve measurable outcomes.
Provides operational support, including accounting, legal compliance, and strategic guidance, to ensure CSI’s success.
Manages operational risks and responsibilities associated with CSI, acting as a buffer to protect the fiscal sponsor.
CSI’s Role:
Defines the objectives, goals, and timelines for its efforts, serving as the strategic guide for implementation.
Ensures that contributions raised through the fiscal sponsor align with its mission to advance systemic improvements in child safety.
Supports the development of education and materials to improve public understanding of reporting practices.
Supports the development of the National Online Reporting Assistant (NORA) to improve the quality and effectiveness of child safety reports.
NORA's Role:
NORA is the software developed by Nora PBC as part of CSI. It simplifies and improves the process of reporting safety concerns and ensures reports are:
Comprehensive: Capturing all relevant details to assist agencies in making informed safety decisions.
Organized: Presenting information in a clear and logical format to streamline the reporting process.
Actionable: Providing the necessary documentation to facilitate timely and effective responses.
The Fiscal Sponsor’s Role:
Manages contributions raised for CSI’s objectives, ensuring they are allocated appropriately.
Provides financial oversight, ensuring compliance with charitable regulations and contributor expectations.
May offer technical assistance, including grant and contract management, training, and other services to support CSI’s sustainability and strategic objectives.
The fiscal sponsorship model offers several advantages for CSI:
Objective-Driven Impact: Ensures that resources are focused on achieving time-sensitive goals that directly improve child safety..
Transparency and Accountability: Provides contributors with confidence that their support is being managed responsibly and tied to measurable outcomes.
Operational Efficiency: Allows Nora PBC to focus on implementing CSI without the administrative burden of managing charitable contributions.
Scalable Model: Enables CSI to address additional objectives as progress is made, leveraging the fiscal sponsor’s support for continued growth.
