Fiscal Sponsorship

Service Description

Fiscal sponsorship services provide a structured way for projects and organizations to receive administrative and financial support from an established sponsor organization. Sponsors help projects operate within a legal framework, manage funds, and execute their missions effectively. Below is a general description of fiscal sponsorship services based on specific models: Model A - Direct Project The sponsor fully integrates the project into its organization, treating it as part of its legal entity. The sponsor’s staff and volunteers directly manage and execute the project's activities, ensuring alignment with its mission and operational standards. Model B - Independent Contractor Project Under this model, the sponsor supervises and manages projects by engaging independent contractors. These contractors are responsible for executing specific tasks or initiatives under the sponsor's guidance. Model C - Pre-Approved Grant Relationship This model maintains the sponsor and project as separate entities. The sponsor collects and manages funds, disbursing them as grants to the project after approval. The project retains operational independence while benefiting from the sponsor's financial oversight. Model F - Technical Assistance Sponsors provide tailored technical assistance based on the needs of the project. Assistance is determined using an intake form submitted by the project, allowing the sponsor to offer customized support in areas such as compliance, financial management, or strategic planning. Overall, fiscal sponsorship services streamline project operations, facilitate compliance with legal and financial requirements, and provide essential resources and expertise to help projects succeed.