FOR IMMEDIATE RELEASE
April 05, 2020
Effective immediately, the San Francisco Queer Nightlife Fund (QNF) Steering Committee organizers and the Q Foundation have executed a fiscal sponsorship agreement transforming the QNF into a fiscally sponsored project of the Q Foundation.
The Q Foundation is a 501(c)3 nonprofit that prevents homelessness for the LGBTQ and HIV+ communities. The Q Foundation offers many services: they provide emergency housing financial assistance to help stabilize the housing of San Francisco residents, and help clients at risk of eviction due to unpaid rent keep their housing.
As a 501(c)3 fiscally sponsored project, the QNF can now issue charitable receipts to donors, for donations made after the sponsorship agreement’s effective date. Those charitable receipts will provide new benefit to QNF donors to the QNF as tax-deductible donations.
In addition, 501(c)3 fiscal sponsorship will enable QNF to obtain access to grants, corporate-matching gifts, and additional sources of revenue that are available only to charitable nonprofits.
Brian Basinger, Executive Director of the Q Foundation, had the following to say about the SF Queer Nightlife Fund:
“As a united San Francisco Bay Area, now is the time to band together to ensure that all of us make it through this latest challenge together. Our artists, performers, our nightlife creators, especially Queer Nightlife, are part of the heart and soul, the very fabric of San Francisco. They create the bubble that keeps us from living in a place just like the place we escaped. These visionaries and cultural pioneers must be here for when this crisis is through. The rug has been pulled out from under them and they need our help today to provide critical emergency aid for shelter, food, and other basic necessities. Q Foundation is proud to stand side by side with the SF Queen Nightlife Fund, and all of the San Francisco Bay Area to marshal and mobilize resources to ensure that we all get through this together.”
The QNF will continue to work closely with Center for LGBTQ Economic Advancement & Research (CLEAR) that has provided logistical and operational support to the QNF until this point. CLEAR–an economic empowerment and capacity building organization for LGBTQ communities–will continue to provide technical assistance and support to the QNF Steering Committee in developing the QNF’s own systems and standard operating procedures in order to effectively administer the QNF as a new nonprofit project fiscally sponsored by the Q Foundation.
Please contact the SF QNF organizers with any questions regarding this press release (email@example.com).