(Explains Article 4: Financial Management and Fiscal Sponsorship)
How We Handle Your Money: Funds raised for your project are deposited into a dedicated Partner Fund. This is tracked separately in our systems and reported transparently on Open Collective.
What You Can Do:
- Accept donations and grants via VCS Academy.
- Raise revenue through events or sales (with approval).
Open Collective = Radical Transparency Each partner gets a public-facing page that logs:
- Incoming donations
- Outgoing expenses
- Available balance
What About Fees? We deduct a modest admin fee (usually 5%). This covers:
- Donation processing
- Legal compliance
- Platform maintenance
Tax Implications: As a CIC (not a registered charity), most donations are not tax-deductible. We work with you to ensure donors understand this upfront.
Security & Oversight: We don’t touch your funds unless:
- You request disbursement with proper receipts.
- Costs are incurred on your behalf (e.g., platform fees).
We handle your money like a fiduciary. Transparency isn’t a buzzword here—it’s the foundation of every partnership we build.
