"What's a fiscal sponsorship?" you ask. "What does it mean when a project is fiscally sponsored by NumFOCUS?" http://www.numfocus.org/information-on-fiscal-sponsorship.html … 1/
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The term "fiscal sponsorship" isn't very clear on its face, unfortunately. We hear a lot of confusion about what it means. 2/
At its heart, fiscal sponsorship allows a project to have standing as a legal entity to receive money. Donations are tax-deductible bc 3/
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the project effectively benefits from NumFOCUS's 501(c)(3) nonprofit status. This is v impt (!) bc it helps attract funding to projects. 4/
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For example, if a company wants to write a big check to support one of our projects, they are able to write that off their taxes. 5/
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