Services

Fiscal Receiver Services

Create Wisconsin, as a 501(c)(3) public charity, can provide limited oversight and fundraising assistance for a project or organization. With Create Wisconsin as a fiscal receiver, the project or organization is eligible to apply for and receive grants and tax-deductible contributions. 

How it Works

  • Create Wisconsin makes a MightyCause fundraising page for you to share with potential donors and funders, and receives a 5% fee on each donation or grant amount received.

  • Credit card donations are subject to service fees, which are deducted from the client’s total monies raised.

  • Donations can be made online or by check payable to Create Wisconsin, Box 1054, Madison, WI 53701 (please have donors include the project name on the check).  

  • Donors can make one-time or recurring (monthly) donations.

  • Create Wisconsin can provide a receipt for non-monetary (in-kind) donations of equipment and materials.

  • Create Wisconsin will provide a spreadsheet of monies raised and distributed to project administrators. 

FAQs

Q: What does Create Wisconsin need to know about my project?

A: In the submission request form, please include a brief description of your project for fundraising & promotional purposes. We do not need a detailed budget, financial statement, or mission/vision statement.

Q: What financial records does Create Wisconsin need regarding my project?

A: No financial records are necessary, but the SSN or EIN for the payee is required. 

Q: What do I need to include about Create Wisconsin in my funding proposals? 

A: Some funders simply need the name of the organization (Create Wisconsin), others will request a letter of commitment. In most cases, sending Create Wisconsin’s IRS tax exempt form will suffice. We will provide a copy of our IRS tax exempt form and a letter of commitment when the fiscal receiver process begins. When describing your tax status in your proposal, say “We are working with Create Wisconsin, a 501c3 organization registered with the state of Wisconsin and Internal Revenue Service, as our fiscal receiver. All donations/grants are made to Create Wisconsin on our behalf.”

Q: How will I receive funds raised via Create Wisconsin?

A: Create Wisconsin mails checks to clients every 2 weeks. Monies can also be sent electronically or through payment app(s); please note that additional charges may apply.  Please note that we don’t have the capacity to adminster your project or program by paying individual bills. We send the funds raised to a businesss or individual (see below) and you pay your vendors and contractors as needed.

Q:  How should I claim monies raised on my taxes?

A:  The IRS requires someone or some business entity to pay taxes on grants and donations.  Therefore, Create Wisconsin must send any monies raised to an individual or a business entity, such as an LLC or sole proprietorship.  If you receive monies as an individual, you are required to claim that amount as personal income; if you receive monies as a business, you are required to claim that amount as business income.

Q:  How should I recognize Create Wisconsin in my project promotion?

A: Everywhere you promote your project, please include the Create Wisconsin logo and credit “Thank you to Create Wisconsin for fiscal receiver services.”

 

Fiscal Receiver Projects