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FMC Grant: Fiscal Sponsorship Agreement (if applicable only 1 copy needed upon submission) Sponsored Organization Conducting Project: Project Name: Fiscal Sponsor Organization (Legal Applicant): Fiscal
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Model C fiscal sponsorship is a legal arrangement where a nonprofit organization provides financial and legal support to a project that does not have its own tax-exempt status, allowing the project to receive tax-deductible donations.
Organizations or projects that are operating under a Model C fiscal sponsorship must file the necessary documentation, typically the sponsored project itself, as it engages in activities that require compliance with tax regulations.
To fill out Model C fiscal sponsorship forms, project leaders need to provide required organizational information, budget details, and documentation related to the intended activities and beneficiaries, following the specific form instructions provided by the fiscal sponsor.
The purpose of Model C fiscal sponsorship is to enable projects that are not separately incorporated or do not have their own 501(c)(3) status to legally fundraise and receive grants while benefiting from the nonprofit’s tax-exempt status.
Reporting on Model C fiscal sponsorship typically requires detailed financial information regarding income and expenses, project activities, adherence to the sponsor's guidelines, and any modifications to the original project plan.
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