Using LLCs in Fiscal Sponsorship: An Update on "Model L"1
Steven Chiodini and Gregory L. Colvin
Steven Chiodini is an attorney at Adler & Colvin in San Francisco, where his practice focuses on the corporate and tax law of exempt organizations, including fiscal sponsorship. He also specializes in the area of social enterprise. Before joining Adler & Colvin, Mr. Chiodini practiced general corporate law at Proskauer Rose in New York.
Gregory L. Colvin is Chair of the Board of Adler & Colvin in San Francisco. His practice includes tax-exempt political and lobbying activities, fiscal sponsorship, grant-making, and other issues between individual donors and charities. He is the author of Fiscal Sponsorship: 6 Ways To Do It Right (Study Center Press, 1993, 2005). He serves as Chair of the Drafting Committee of the Bright Lines Project, aimed at reform of IRS rules on political intervention.
(The following article is based on a presentation concerning the use of LLCs in fiscal sponsorship given by Steven Chiodini at a joint meeting of the California State Bar Association’s Committees on Nonprofit Organizations and Tax-Exempt Organizations on September 5, 2014, in San Francisco.)