Southwest Action Network, Inc. is a 501 (c)(3) organization founded with the goal to develop a broad range of services, activities and programs to strengthen organizations and our communities.
Fiscal Sponsorship
Fiscal Sponsorship is used primarily when an agency wants to secure funding from individual, foundation, government or corporate sources that give only to nonprofit organizations with IRS tax-exempt status. To be considered exempt, an organization must hold a current 501(c)(3) certificate from the IRS. Non profit administration costs can swallow as much as 20% to 40% of an agency’s budget. Rather than attempt to secure tax-exempt status, agencies may contract with a fiscal sponsor to extend tax-exempt status to that specific project. As a Fiscal Sponsor in Chicago, SWAN serves as a conduit for financial resources and provides support and oversight for independently produced projects in Chicago.