Our Fiscal Sponsorship Programme allows us to share the benefits of our charitable status, with organisations who are not constituted as a charity in the UK, but whose work and mission is closely related to our own.
Prospero World is committed to strengthening the charitable sector, to sharing best practices and to empowering pioneers to champion the causes they care about most. Our Fiscal Sponsorship Program is aligned with the United Nation Sustainable Goal 17: Revitalize the global partnership for sustainable development and Target 17.1: Strengthen domestic resource mobilization, including through international support to developing countries, to improve domestic capacity for tax and other revenue collection.
For many, the process of registering a UK Charity is daunting, time consuming, and not always feasible in terms of resources. Our Fiscal sponsorship programme, or what we fondly call "Charity Adoption", supports non-UK registered charities and charitable projects that lack the time and resources to set up and manage their own UK registered charity, to benefit from our charitable status and expertise.
Donations can be made to Prospero in support of their work, and we will claim the Gift Aid - a UK government scheme that allows charities to claim an extra 25p for every £1 donated to them. This means we can increase support for the work of our adopted charities, before passing donations on to them. We are also able to receive US tax-deductible donations from US taxpaying donors through the 501c3 scheme and are members of Transnational Giving Europe, enabling us to receive donations tax efficiently from many of our European neighbours.
Our Charity Adoption Programme is tailor-made to enable projects to focus on the causes they care most about, without needing to worry about the administration and governance involved in running a UK registered charity.
The programme doesn’t just enable charities to receive donations in a tax efficient manner from UK donors: it affords charities a host of additional benefits and provides UK donors with peace of mind as well as tax deductible receipts for the charitable donations they have made.
“We are so happy with the way the evening turned out. So many generous individuals and companies were involved. The show brought out the incredible talent of Philippine designers and raised over 10 million pesos for CENTEX. It
was a pleasure to work with (Prospero World's) talented, fun and dedicated team”
Fernando Zobel de Ayala Chairman Ayala Foundation (our first Adopted Charity)
Quoted in the Philippine Tatler speaking about the London Philippine Fashion Show, which Prospero World hosted in Aid of the Ayala Foundation.