Fiscal Sponsorship Agreement Template

What This Fiscal Sponsorship Agreement Template Covers

This fiscal sponsorship agreement template provides a comprehensive framework for nonprofit organizations seeking to establish a relationship with a fiscal sponsor. It includes essential clauses on the parties involved, the sponsorship model, fees, funds management, donations, reporting obligations, and termination. By using this template, organizations can ensure clarity and compliance in their fiscal sponsorship arrangements.

When to Use a Fiscal Sponsor Agreement

This fiscal sponsor agreement should be utilized when a nonprofit organization intends to support a project or initiative that requires funding and administrative assistance. For instance, if a nonprofit is looking to sponsor a community program that aligns with its mission, this template can facilitate the necessary agreement. Additionally, it is useful for organizations that are entering into a partnership with a new project that needs financial backing and guidance.

What's Included in This Nonprofit Sponsorship Contract Template

• Parties: Clearly identifies the fiscal sponsor and the sponsored project, including their legal names and addresses.
• Sponsorship Model: Outlines the specific model of fiscal sponsorship being utilized, ensuring both parties understand their roles.
• Fees: Details any administrative fees charged by the fiscal sponsor for managing funds and services.
• Funds Management: Specifies how funds will be managed, including the handling of donations and expenditures.
• Reporting: Establishes the reporting obligations of the sponsored project to the fiscal sponsor, ensuring transparency and accountability.
• Termination: Defines the conditions under which the agreement can be terminated by either party, protecting both interests.

Key Provisions of This Project Funding Agreement

• Clarity of Roles: Clearly outlines the responsibilities of both the fiscal sponsor and the sponsored project, reducing misunderstandings.
• Financial Oversight: Ensures that funds are managed properly and in accordance with nonprofit law, providing peace of mind for both parties.
• Accountability: The reporting obligations included in this agreement promote accountability and transparency, crucial for maintaining donor trust.
• Intellectual Property Rights: Addresses ownership of any intellectual property developed during the project, protecting the interests of both parties.

Disclaimer: This template is for informational purposes only and does not constitute legal advice.