Agree on maintaining existing EA Funds largely as is, but I am curious what other non-EVF organizations might be in a good position to pull this off. I’m not a non-profit (or other) tax expert, but it seems that the number of non-EVF good homes for a new fund could be somewhat limited. In particular, my guess is that EVF/CEA USA’s dual corporate existence in the US and UK is a major practical advantage. E.g., if the new funds only had a US corporate existence, they’d not only start off at a major disadvantage for UK donors, but would also face extra challenges granting to non-profits from the UK—presumably they would need to obtain an equivalency determination costing several thousand dollars, or assume expenditure responsibility, for each non-US non-profit grantee. And then you’d probably want some practical grantmaking-operations experience in the fiscal sponsor org as well for efficiency reasons.
Agree on maintaining existing EA Funds largely as is, but I am curious what other non-EVF organizations might be in a good position to pull this off. I’m not a non-profit (or other) tax expert, but it seems that the number of non-EVF good homes for a new fund could be somewhat limited. In particular, my guess is that EVF/CEA USA’s dual corporate existence in the US and UK is a major practical advantage. E.g., if the new funds only had a US corporate existence, they’d not only start off at a major disadvantage for UK donors, but would also face extra challenges granting to non-profits from the UK—presumably they would need to obtain an equivalency determination costing several thousand dollars, or assume expenditure responsibility, for each non-US non-profit grantee. And then you’d probably want some practical grantmaking-operations experience in the fiscal sponsor org as well for efficiency reasons.