The Open Collective Foundation is a fiscal sponsor for collectives that are creating social good. It provides a platform for groups to raise money transparently, manage their finances, and operate legally without having to incorporate. The foundation supports a wide range of initiatives, from open-source projects to community groups, enabling them to focus on their mission while handling the administrative and legal complexities.
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2016
Website Key Features
Fiscal Sponsorship
Allows collectives to receive tax-deductible donations without needing to incorporate as their own nonprofit.
Transparent Finances
All transactions and expenses are publicly visible, ensuring transparency and trust.
Easy Fundraising
Provides tools for collectives to easily raise money from their community and beyond.
Legal Protection
Offers legal structure and protection for collectives under the foundation's umbrella.
Admin Support
Handles administrative tasks like accounting, tax filings, and compliance, allowing collectives to focus on their work.
Community Engagement
Facilitates engagement with supporters through updates, events, and transparent reporting.
Global Reach
Supports collectives from around the world, enabling global participation and funding.