What is a public charity?
It is the usual 501(c)(3) classification for an organization supported broadly by donors or program revenue. If approved, Woodleigh’s IRS letter should state its classification. A public charity is different from a private foundation, which is typically funded by one family or a small source group.
What is a fiscal sponsor?
An existing 501(c)(3) agrees in writing to receive and legally oversee money for Woodleigh’s charitable project. The sponsor keeps discretion and control, handles compliance and reporting, pays approved expenses, and usually retains an administrative fee. It is not simply lending an EIN.
Should Woodleigh get one?
Only for a concrete opportunity where sponsorship is allowed and the benefit exceeds the fee and added administration. At Woodleigh’s current scale, it is sensible to ask first and sponsor selectively—not add a permanent layer without a funded reason.
Operational research only; confirm tax wording and sponsorship terms with a qualified nonprofit attorney or tax professional.