Neonatal Rescue
Neonatal Rescue
Starting an impact organization, managing donations for a charitably minded for-profit, or developing a short-term project can be daunting. UI Charitable can help. Through a UI Fiscal Sponsorship, organizations can receive tax-deductible donations before they get their own 501(c)3 designation
Starting an impact organization, managing donations for a charitably minded for-profit, or developing a short-term project can be daunting. UI Charitable can help. Through a UI Fiscal Sponsorship, organizations can receive tax-deductible donations before they get their own 501(c)3 designation
The Mission of Neonatal Rescue
Neonatal Rescue is a social impact organization dedicated to providing respiratory solutions to developing economies. Their initial product focuses on delivering both Continuous Positive Airway Pressure (CPAP) and ventilation to infants and children, addressing a critical need in healthcare systems worldwide.
The Challenge
Early in their journey, Neonatal Rescue identified that most of their funding would come from donations. But to be eligible for tax-exempt donations, they needed to secure 501(c)(3) nonprofit status—a process that takes time. However, with rapid growth and an urgent need for funds, they could not afford to wait.
The Results
Years later, Neonatal Rescue has grown significantly and graduated from their Fiscal Sponsorship. They now are their own 501(c)(3) status, a testament to their success and impact. Rob Brown, CEO of Neonatal Rescue, reflects on their partnership: “Our relationship with UI Charitable Advisors allowed us to focus on our charitable mission.”
What is a DAF?
A Donor-Advised Fund (DAF) is a giving account that is one of the most popular philanthropic vehicles because it is easy to manage and cost efficient.
What is a Fiscal Sponsorship?
A Fiscal Sponsorship is a formal arrangement in which a 501(c)(3) public charity enables an organization that may lack exempt status to seek tax-deductible donations under the sponsor's exempt status.
General Field of Interest Funds
A General Field of Interest Fund is a foundation with a specific focus, allowing donors a way to direct funds, managed by industry experts, toward an issue that matters to them.
What is a DAF?
A Donor-Advised Fund (DAF) is a giving account that is one of the most popular philanthropic vehicles because it is easy to manage and cost efficient.
What is a Fiscal Sponsorship?
A Fiscal Sponsorship is a formal arrangement in which a 501(c)(3) public charity enables an organization that may lack exempt status to seek tax-deductible donations under the sponsor's exempt status.
General Field of Interest Funds
A General Field of Interest Fund is a foundation with a specific focus, allowing donors a way to direct funds, managed by industry experts, toward an issue that matters to them.
Conclusion
UI Fiscal Sponsorship is an invaluable structure for organizations like Neonatal Rescue. By providing a framework for receiving tax-deductible donations and managing expenditure responsibility, UI Charitable supports social impact organizations to concentrate on what they do best: making a difference.
Fiscal Sponsorships
A Fiscal Sponsorship arrangement in which a 501(c)(3) public charity sponsors a project that may lack exempt status. This arrangement enables an organization to solicit tax-deductible donations under the sponsor's exempt status.
