Monday, November 7, 2011

OWS' Fiscal Sponsor

The Alliance for Global Justice (AfGJ) announced on Oct. 19, 2011 that it is serving as the fiscal sponsor for Occupy Wall Street (OWS). As fiscal sponsor, AfGJ collects and manages contributions, reports OWS' activities and financial information on the AfGJ 990, and reviews OWS activities to make sure the activities are consistent with those of an exempt organization. AfGJ takes a fee of 7% of all money raised and says that much of the fee is used to cover administrative expenses.

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http://lawprofessors.typepad.com/nonprofit/2011/11/the-alliance-for-global-justice-afgj-announced-on-oct-19-2011-that-it-is-serving-as-the-fiscal-sponsor-for-occupy-wall-st.html

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