Get the free FISCAL SPONSORSHIP PROGRAM AGREEMENT AGREEMENT - FJC - fjc

FISCAL SPONSORSHIP PROGRAM AGREEMENT (AGREEMENT) The Fiscal Sponsorship Program Committee of FCC (FCC) has approved the participation of (Participant) in FCS Fiscal Sponsorship Program (the Program),

How to fill out fiscal sponsorship program agreement

How to fill out fiscal sponsorship program agreement:

1. Review the agreement: Start by carefully reading through the entire fiscal sponsorship program agreement. Make sure you understand all the terms and conditions outlined in the document.
2. Provide organization details: Fill in your organization's name, address, contact information, and any other relevant details as requested in the agreement.
3. Indicate the term of the agreement: Specify the duration of the fiscal sponsorship program agreement, including the start and end dates of the sponsorship period.
4. Describe the sponsored project: Provide a detailed description of the project or program that will be sponsored by the fiscal sponsor. Include information on its purpose, objectives, activities, and any specific deliverables.
5. Outline the financial arrangements: Clearly state how the funds will be managed and disbursed between the fiscal sponsor and the sponsored project. This includes specifying how donations, grants, or other financial contributions will be collected, accounted for, and allocated.
6. Identify the roles and responsibilities: Clearly define the roles and responsibilities of both parties, including the fiscal sponsor's obligations and the sponsored project's responsibilities. This may include reporting requirements, fundraising efforts, accounting practices, and compliance with applicable laws and regulations.
7. Include termination and dispute resolution provisions: Address the circumstances under which the agreement can be terminated by either party and outline the process for resolving disputes, if any should arise.

Who needs fiscal sponsorship program agreement?

1. Nonprofit organizations: Nonprofits that do not have their own tax-exempt status may enter into a fiscal sponsorship agreement to benefit from the tax-exempt status of the fiscal sponsor.
2. Project-based initiatives: Individuals or groups seeking funding for a specific project or program can utilize fiscal sponsorship to access funding sources that may only contribute to tax-exempt organizations.
3. Startups and social enterprises: New ventures that have not yet obtained their own tax-exempt status can partner with a fiscal sponsor to receive financial support and access to resources.
4. Donors and grantmakers: Donors and grantmakers who require tax-exempt status or want to support projects that lack their own nonprofit status may choose to work with fiscal sponsors to ensure their donations are tax-deductible.

In summary, filling out a fiscal sponsorship program agreement involves carefully reviewing the document, providing organizational and project details, outlining financial arrangements, defining roles and responsibilities, and including provisions for termination and dispute resolution. The agreement is relevant for nonprofit organizations, project-based initiatives, startups, social enterprises, as well as donors and grantmakers seeking tax-exempt status or supporting projects without nonprofit status.

For pdfFiller’s FAQs

What is fiscal sponsorship program agreement?

Fiscal sponsorship program agreement is a legal contract between a nonprofit organization acting as a fiduciary and a sponsored project or individual.

Who is required to file fiscal sponsorship program agreement?

Both the nonprofit organization acting as a fiduciary and the sponsored project or individual are required to file the fiscal sponsorship program agreement.

How to fill out fiscal sponsorship program agreement?

Fill out the agreement with all necessary information regarding the relationship between the nonprofit organization and the sponsored project/individual, including financial responsibilities and reporting requirements.

What is the purpose of fiscal sponsorship program agreement?

The purpose of the agreement is to establish a legal relationship between the nonprofit organization and the sponsored project/individual, outlining the terms and conditions of their partnership.

What information must be reported on fiscal sponsorship program agreement?

The agreement must include details about the roles and responsibilities of both parties, financial arrangements, reporting requirements, and any other relevant information.

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