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Municipal Friends Group Accepting Donations

[This question about Friends of the Library and $$$ is from a municipal public library]

We have a newly re-organized Friends group that does not have 501(c)(3) status but would like to accept donations. I know that the library can act as a pass-through for grants but I was wondering if this also applies to undesignated monetary donations?

Pass-Through Status for Libraries

A local artist has asked for us to become a fiscal sponsor (act as a “pass-through” organization). Is this something a public library can do?