Givsum Foundation   

Mission

LEADING THE FUTURE OF PHILANTHROPY

The Givsum Foundation’s mission is to accelerate individuals to innovate on community problems by providing funds and ecosystems for success.

About:

The Givsum Foundation is a nonprofit and social enterprise incubator, we vet new and exciting ideas for the local community, provide leadership training, fiscal sponsorships as well as seed funding for new ventures. The Givsum Foundation has the unique opportunity to be leading the future of philanthropy by focusing on innovative solutions that market to the next generation.

How It Works + What We Offer 

Fiscal Sponsorships: Members who are accepted into our incubator can solicit public donations and apply for foundation grants. We handle all the administrative paperwork with IRS compliance, including disclosures, so members can focus on their programs. More information on fiscal sponsorships can be found through the National Network of Fiscal Sponsors.

Network & Toolbox: Our team ensures that members operate their projects effectively and thrive in the fast-changing world. We provide our members with a nationwide network of volunteers, experts and advisors. Through the strategic planning process in the toolbox, we work with you to determine the best structure (nonprofit, social enterprise, Benefit Corp, ect.).

Technology: Through Givsum Inc., you can promote the project mission in a digital marketplace, create opportunities for individuals to donate, volunteer and attend events. Instantly reach new donors on the marketplace and accept funding. (If accepted to the incubator, the project will be required to use the Givsum, Inc. platform for digital transactions.)

Fees:

Initial set-up fee $500.00 or 5% (if project raises more than $10,000).

Social Enterprises:  The Givsum Foundation may retain 1-5%.

Givsum Inc.: 1% for donations and 2% for ticket purchases, plus processing fees of 2.9% + $0.30.

Coming Soon:

The Givsum Fund: We are building a fund to invest in early stage nonprofits and social enterprises. Stay tuned for further details.

Application Process

• If you think your idea could impact the community, please fill out the application to be considered for a fiscal sponsorship.
• The Board will review your application based on:
  • Compliance with industry regulations regarding the activities of a charitable project
  • Impact evaluation and sustainability plan
• There is no guarantee of acceptance.
• Upon acceptance, you will receive a Fiscal Sponsorship Agreement for review and signature by an officer of the project.