Note: Rethink Charity is not accepting new fiscal sponsorship applications
Case Study: Dao Foods
““Our partnership with Rethink Charity has been fantastic because they handle the administrative processes associated with 501(c)(3) status, so that we can maintain our laser focus on Chinese entrepreneurs and their needs.””
Projects located abroad hoping to attract support from US funders can offer tax deductibility through fiscal sponsorship with Rethink Charity. Dao Foods International unlocked funding for their impact investment firm located in China by becoming a fiscal sponsee.
Dao Foods was founded by experienced impact investors and social entrepreneurs Tao Zhang and Albert Tseng, in collaboration with New Crop Capital and the Good Food Institute. Through the Dao Foods network both within and outside China, Dao Foods will identify, assess, select, and support the most promising companies in the plant-based and alternative protein sector.
By unlocking previously inaccessible funding as a fiscal sponsee of Rethink Charity, Dao Foods was able to kickstart their accelerator program to help entrepreneurs develop exciting new plant-based meat and alternative protein products to reduce the consumer demand for industrial animal agriculture.
“From the very beginning, we could feel the mission alignment with the Rethink Charity team, exhibited by their consistent efforts to make the process as easy and straight-forward as possible for us, so that we can spend our time on the important mission work.”
Fiscal sponsorship freed up the founders of Dao Foods to pursue their mission of supporting talented entrepreneurs that are targeting the millennials in China (who number 400 million) with new, exciting, and delicious plant-based proteins, which is expected to be an incredible business opportunity with massive social impact.