Sample Fiscal Sponsor Agreement Template

Sample Fiscal Sponsorship Agreement Template:

FISCAL SPONSORSHIP AGREEMENT

This Agreement is made between _________________________________ (Fiscal Sponsor) and

________________________________ (Sponsored Organization).

Purpose of Agreement

The Sponsored Organization has proposed that the Fiscal Sponsor sponsor a project (the "Project") to

___________________________________(describe the project including charitable purpose):

The Fiscal Sponsor has determined that sponsorship of the Project would be consistent with its goals, and wishes

to make arrangements with the Sponsored Organization for the implementation and operation of the Project.

1. The Fiscal Sponsor hereby agrees to sponsor the Project and to assume administrative, programmatic,

financial, and legal responsibility for purposes of the requirements of funding organizations. The

Sponsored Organization agrees to implement and operate the Project, in accordance with the terms of this

agreement and with any requirements imposed by funding organizations.

2. The Project shall be operated in a manner consistent with the Fiscal Sponsor's tax-exempt status and as

described in this agreement. No material changes in the purposes or activities of the Project shall be made

without prior written permission of the Fiscal Sponsor and in accordance with any requirements imposed

by funding organizations, nor shall the Sponsored Organization carry on activities or use funds in any way

that jeopardizes the Fiscal Sponsor's tax-exempt status.

3. The Sponsored Organization shall not, and shall not permit the Project to, attempt to influence legislation

or participate or intervene in any political campaign on behalf of (or in opposition to) any candidate for

public office or otherwise engage in the carrying on of propaganda (within the meaning of section

501(c)(3) of the Internal Revenue Code of 1986).

4. The Sponsored Organization will provide all information and prepare all reports, including interim and

final reports, required by funding organizations, with the Fiscal Sponsor's final approval.

5. On behalf of the Sponsored Organization, the Fiscal Sponsor will establish and operate for the use of the

Project a designated account ("Account") segregated on the Fiscal Sponsor's books. All amounts

deposited into a Project's Account will be used in its support, less administrative charges, if any, and

subject to the conditions set forth below.

6. The Sponsored Organization designates ______________________ (name) to act as authorizing official.

The authorizing official shall act as principal coordinator of the Project's daily business with the Fiscal

Sponsor, and shall have authority to sign disbursement requests. The sponsoring organization authorizing

officials should have decision-making authority for the project and must be approved in advance by the

fiscal sponsor.

7. The Fiscal Sponsor and Sponsored Organization will maintain all financial records relating to the Project

according to generally accepted accounting principles, retain records as long as required by law, and make

records available to auditors as required by law.

8. The Fiscal Sponsor and the Sponsored Organization will reflect the activities of the Project, to the extent

required, on their state and federal government tax returns and financial reports. All deposits shall be

treated as gifts/non-gifts as appropriate and disbursements/payments made, to or on behalf of the

Sponsored Organization must be to accomplish the purposes of the Project. The Sponsored Organization

will provide the Fiscal Sponsor with proper documentation to accomplish this, including furnishing the

Fiscal Sponsor with the Sponsored Organization's Federal Employer Identification Number.

9. In consideration of the Fiscal Sponsor's agreement to sponsor the Project, and to cover the Fiscal

Sponsor's expenses in connection with the Project as outlined above, the Project will pay the fees,

charges, and expenses as outlined here. _________________________ (x % or flat fee)

10. This agreement will be subject to review six months from the date of the signed agreement, and will

terminate if any of the following events occur:

a. The Fiscal Sponsor requests the Sponsored Organization to cease activities that it deems might

jeopardize its tax-exempt status and the Project fails to comply within a period of ten (10) days;

b. The Sponsored Organization fails to perform or observe any other covenant of this agreement,

and this failure remains unremedied fifteen (15) days after notice in writing;

c. Upon expiration of four weeks after either the Sponsored Organization or the Fiscal Sponsor has

given written notice of its intent to terminate the agreement.

11. In the event this Agreement is terminated, the Fiscal Sponsor and Sponsored Organization will comply

with any termination conditions imposed by funding organizations.

Accepted for the Fiscal Sponsor:

____________________________

Signature:

_____________________________

Name:

___________