Stories indexed with the term ‘fiduciary’

Selma Cafe Finds New Fiscal Sponsor: Artrain

Selma Cafe, the breakfast fundraiser that suspended operations in mid-April, has found a new fiscal sponsor and is close to securing a new location, according to co-founder Lisa Gottlieb. She hopes to restart the cafe in late June, likely as a monthly Saturday brunch.

The paperwork is being completed to transfer fiscal sponsorship from the nonprofit Food System Economic Partnership (FSEP) to Artrain, an arts and cultural organization. In a phone interview with The Chronicle, Gottlieb said the new sponsorship by Artrain means that FSEP will release the Selma Cafe funds that had been frozen, including $46,500 from cash donations.

In late March, FSEP had frozen funds it held on behalf of Selma Cafe and had set a May … [Full Story]