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BECOMING A COMMUNITY INITIATIVE

MFi partners with many Medfield non-profits as their fiscal sponsor, eliminating the complexity and time management associated with establishing a 501(c)(3) charity. Information has been provided below if you are interested in partnering with MFi to become a community initiative.

COMMUNITY GIVING & FUNDRAISING TOOLS

INITIATIVES

Through the Medfield Foundation, donors can target their contribution to any Medfield non-profit that they want to support.
 

To become an official MFi Initiative, Medfield community organizations must apply following the steps provided below. 

BECOME AN MFi INITIATIVE

Stringent state and federal regulations governing fundraising require accurate bookkeeping and accounting procedures and a cumbersome process to achieve 501(c)(3) non-profit status. MFi makes fundraising easier, allowing community organizations to partner with us as MFi initiatives to obtain non-profit certification.
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If your organization’s goals fit within the MFi mission of enriching the Medfield community, here’s how to apply:
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  1. Contact MFi to review your initiative.
     

  2. If it meets the established criteria, we will invite you to attend an MFi board meeting to present your initiative.
     

  3. The Board will vote on whether to accept the project.
     

  4. If approved, you will be required to sign a Letter of Agreement agreeing to our Standard Operating Procedures.
     

  5. Once established as an “MFi Initiative”, you can channel your donations through MFi and we will take care of all the accounting and 501(c)(3) compliance.
     

  6. An MFi board member will review logistics on how deposits are made, tax receipts processed, and protocols for making expenditures related to your project.
     

  7. Donors who want to support your project or group can donate directly to MFi and allocate their contributions to your cause and get a tax deduction to the extent allowable by law.
     

  8. There is a 1% annual service fee applied to all donations which is used to cover MFi administrative costs.
     

  9. We offer complete transparency of your initiative’s bookkeeping.

 
Donations to MFi may be tax-deductible. Consult your tax professional.

 

If you are interested in discussing becoming a community initiative please click on the contact button.

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