Wellington Community Trust

About this funding

Wellington Community Fund Fundholding Unfortunately your web browser is too old to properly view the page! Fundholding, also known as fiscal sponsorship or umbrella-ing, is when an existing organisation (the fund holder) receives and then pays you the grant money for your project. Financial auditors need to have evidence that funding is being used as intended, and that evidence is found in the financial accounts that are a legal obligation for any registered charity or incorporated society. A fundholding arrangement removes the need for the grant-seeking organisation to seek charitable status, incorporate, or report to the IRD or Charities Services. Responsibilities of the fund holder Legal and financial management : The fund holder is responsible for legal compliance and financial management, including holding and disbursing funds Charitable status: The fund holder must be a registered charity or an incorporated society. For He Rau Aroha applications, the fund holder must be Māori-led with at least 51% Māori governance and project delivery Registration/administration: Fund holders must be registered in WCF’s grants portal (Fluxx).