For New Ocean
Projects

“Fiscal Sponsorship” refers to the practice of nonprofit institutions offering their legal and tax-exempt status, together with all applicable administrative services, to individuals or groups engaged in research, projects, and activities relating to and furthering the mission of the sponsoring nonprofit organization. At The Ocean Foundation, in addition to providing the legal infrastructure of a 501(c)(3) nonprofit entity, with appropriate legal incorporation, IRS tax-exemption, and charitable registration, we offer our fiscally sponsored projects and organizations the following services:

• Financial oversight
• Business administration
• Human resources
• Grant management
• Capacity building
• Legal compliance
• Risk management

Contact us to learn more about Fiscal Sponsorship at The Ocean Foundation.

What we refer to as our Fiscally Sponsored Funds, direct programmatic sponsorship, or comprehensive sponsorship, is ideal for individuals or groups, which lack a separate legal entity and desire support for all administrative aspects of their work. Once they become a project of The Ocean Foundation, they become a legal part of our organization, and we offer a full spectrum of administrative services so that they can effectively manage their finances, receive tax-deductible donations, enroll contractors and/or employees, and apply for grants, among other benefits. 
For this type of sponsorship, we charge 10% on all incoming revenue.* Contact us for more information on how we can start a project together.

*With the exception of public/government funding, which is charged up to an additional 5% in direct personnel costs.

What we refer to as our Friends of Funds, a pre-approved grant relationship is best suited for organizations that are already legally incorporated. This can include foreign charities seeking tax-deductible support from U.S. funders, but also U.S. charities during the wait for their non-profit determination from the IRS. Through this type of fiscal sponsorship, we do not provide the administrative services related to running the project, but we do provide grant management as well as the administrative and legal infrastructure to collect tax-deductible donations. 
For this type of sponsorship, we charge 9% on all incoming revenue.* Contact us for more information on grants.

*With the exception of public/government funding, which is charged up to an additional 5% in direct personnel costs.