Givinga Launches ProjectFS, Bringing Fiscal Sponsorship and the Tools to Run a Charitable Project to More Leaders
The fiscal sponsorship platform combines branded fundraising, expense management, and financial visibility, with
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Givinga, a charitable giving technology company that has facilitated more than $100 million in charitable grants, today announced the public launch of ProjectFS, a proprietary platform for fiscally sponsored projects.
Givinga’s fiscal sponsorship platform currently supports more than 150 charitable projects and is available to projects seeking a sponsor or moving from another fiscal sponsor.
A concept that emerged in the late 1950s, fiscal sponsorship has evolved significantly, but the technology supporting it has often lagged behind. Many traditional fiscal sponsors still lack the modern financial infrastructure project leaders need to clearly see their funds, donor information, and charitable activity. ProjectFS is backed by a dedicated team that works with each project, reviews payment requests, and assists with campaign setup and bill pay.
Leaders can raise donations, submit eligible expenses, and see available funds for their approved work while retaining their project’s name, brand, and day-to-day direction. Donor records and project-level statements also help leaders communicate with supporters and prepare information for funders.
“I have spent my career building and advising startups, and I have learned that a good idea only goes as far as the systems behind it,” said Dave Blakelock, founder of 100 Days, 100 Courses, an organization raising money and awareness for Alzheimer’s research. “That is just as true for a charitable project. ProjectFS gives a cause like mine the infrastructure it needs from day one. I was able to collect donations, and we were provided with an easy process for paying expenses, and a live view of the money, with Givinga handling the oversight.”
Contributions made to Givinga Foundation in support of an approved project are tax-deductible to the extent allowed by law. The Foundation holds and controls the charitable funds designated to the project, reviews and releases payments, and provides charitable fund administration and fiduciary oversight for the project. Projects direct their daily work within the approved charitable scope and budget and don’t need to establish a separate 501(c)(3) organization to run their sponsored project.
“People often assume that starting a charitable project means starting a nonprofit, waiting months for the IRS, and spending time and money on incorporation, compliance, and administration,” said Joe Phoenix, CEO of Givinga. “Fiscal sponsorship opens another path. With ProjectFS, we’re bringing that path together with the technology to run the project, so a leader can raise money, put it to work, and know where things stand, with Givinga Foundation providing the charitable oversight.”
ProjectFS connects all activities central to running a charitable project:
- Raising money through branded campaign and donation pages that accept card and bank transfer (ACH) payments, and recording check, stock, and donor-advised fund gifts alongside donor information and donation trends over time.
- Paying vendors while tracking payments against IRS 1099 reporting requirements and prompting for W-9s.
- Reporting live balances, money movement, and statements for any date range, automated and ready to share with funders, boards, and advisers.
- Safeguarding funds, with Givinga Foundation holding each project’s funds and reviewing every payment request before release.
To learn more about ProjectFS or discuss a project’s eligibility, request a consultation with Givinga Foundation.
About Givinga, Inc.
Givinga, Inc. is a charitable giving technology company that builds proprietary financial technology for giving. Its technology supports charitable accounts, fundraising, payments, and reporting. Givinga builds the technology behind ProjectFS. For more information, visit www.givinga.com.
About Givinga Foundation
Givinga Foundation is a 501(c)(3) public charity and the fiscal sponsor operating ProjectFS. It provides charitable fund administration, compliance, and fiduciary oversight for approved projects. For more information, visit www.givingafoundation.org.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261110872479/en/
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