A fiscal sponsor is a nonprofit 501(c)(3) organization that provides fiduciary oversight, financial management and other grant administrative services. From the perspective of the IRS, a fiscal sponsor is held legally responsible for management of grant funds and the attendant requirements and obligations of the grant. Acceptable fiscal sponsor relationships:
A system can be as simple as paper-and-pencil or an Excel spreadsheet, or as sophisticated as data collection and reporting software.
If you answered ‘no’ to any of these questions, you are most likely NOT eligible to apply for a grant.
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