Housing and Development Newsletter Each fiscal agent has its own parameters and requirements. The Santa Barbara Foundation provides fiscal sponsorship for groups that intend to apply for their 501(c)3 within 18 months to two years. Its service is intended for short-term fiduciary oversight only. Tax-deductible donations can be made to the Santa Barbara Foundation using a Doing Business As (DBA) name for the organization. The foundation pays all of the organization’s expenses based on available funds. It also will work with groups to brainstorm existing nonprofits that might want to take them on as a program, eliminating the need for a fiscal sponsor.