Since 1968, PHFE has provided comprehensive fiscal sponsorship to government, nonprofits and foundations throughout the United States. Through the delivery of a wide array of infrastructure support services, ranging from program development and human resource management to financial support and grants management, PHFE helps clients reduce costs, increase efficiencies and building capacity. In an article published in 2006 entitled, "The New Conversation for Capacity Building", our CEO Gerald Solomon outlines the numerous benefits PHFE, and fiscal sponsorship, can provide.
PHFE's services vary significantly depending upon the need of the client. PHFE's Fiscal Sponsorship model offers a client use of PHFE's 501c3 nonprofit status as an umbrella to receive and manage grants and charitable donations, In this model, PHFE provides a full range of personnel and financial support serving as the back office allowing the program to do what it does best-concentrating on its program work and mission. In this model, PHFE becomes the legally responsible entity assuming all risk insulating the program from liability.
Additionally, PHFE offers Fiscal Intermediary services whereby PHFE can serve as a "pass through" for grant funding, encumbering funds so that government agencies are not faced with having to return monies that they are challenged in spending under a timeline too aggressive for many to achieve. This model also assists clients with the expeditious purchasing of equipment, avoiding the bureaucracy that often impedes or inhibits the process.
PHFE additionally provides Fiscal Agency services where a client can contract out its various back office needs under a sub-contract. This is often referred to as outsourcing which allows clients to reduce costs, increase productivity and concentrate on its program work. For a more detailed look at the comprehensive services PHFE provides please view our Capability Statement.
PHFE's success is directly attributable to its organizational goal of providing outstanding customer service. Through its use of highly sophisticated technology solutions that drive its systems, to the philosophy that the customer always comes first, PHFE eliminates administrative burdens, lower administrative costs, and builds capacity for its client. The streamlined service PHFE offers allow government, nonprofits and foundations to leverage their resources maximizing funding and staff time.
PHFE's unique approach fosters collaboration through a team-centered approach that provides consistent, well-coordinated support to meet the unique needs of every program.
As each nonprofit is different, so is PHFE's approach. PHFE's contract managers work collaboratively with each client, mentoring them through organizational development strategies that maximize outcomes. The results are operational efficiencies, lower administrative costs, increased return on investment (ROI), more measurable accountability and reduced legal risks and liabilities. By collaborating with PHFE, government, nonprofits and foundations can concentrate on their program work and know that all regulatory and compliance matters are in good hands.
