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Fiscal Sponsorship Agreement

This template provides a comprehensive Fiscal Sponsorship Agreement for non-profit projects seeking to operate under the legal and financial umbrella of an established charitable organization. It details the terms, responsibilities, and financial arrangements between the sponsored project and the fiscal sponsor.

Updated 17d ago
fiscal sponsorshipnon-profitagreementcharityfunding दक्षिण अफ्रीका

COMPANY LETTERHEAD

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

FISCAL SPONSORSHIP AGREEMENT

This Fiscal Sponsorship Agreement ("Agreement") is made and entered into as of {{date_of_agreement}} ("Effective Date"), by and between:

{{sponsor_organization_name}}, a non-profit organization duly registered under the laws of {{sponsor_jurisdiction_of_incorporation}}, with its principal place of business at {{sponsor_address}} ("Fiscal Sponsor"),

AND

{{project_name}}, acting through its principal representative, {{project_representative_name}}, residing at {{project_representative_address}} ("Sponsored Project").

1. PURPOSE OF AGREEMENT

The Sponsored Project desires to pursue a charitable project titled "{{project_title}}" ("the Project"), which is consistent with the Fiscal Sponsor's charitable mission. The Fiscal Sponsor agrees to provide fiscal sponsorship services to the Project, enabling the Project to solicit and receive tax-deductible contributions under the Fiscal Sponsor's {{tax_exemption_status}} status.

2. DUTIES OF FISCAL SPONSOR

The Fiscal Sponsor shall:

a. Receive and administer all funds contributed to the Project in a separate, restricted account.

b. Provide financial management, accounting, and reporting services for the Project's funds.

c. Ensure that all expenditures are consistent with the Project's approved budget and charitable purpose.

d. Issue tax-deductible receipts to donors for contributions received on behalf of the Project.

e. File all necessary governmental reports related to the Project's financial activities.

3. DUTIES OF SPONSORED PROJECT

The Sponsored Project shall:

a. Operate the Project in a manner consistent with the Fiscal Sponsor's mission and all applicable laws and regulations.

b. Submit a detailed project proposal and budget to the Fiscal Sponsor for approval.

c. Provide regular financial reports and activity updates to the Fiscal Sponsor as required.

d. Use all funds exclusively for the approved Project activities.

e. Inform the Fiscal Sponsor of any proposed changes to the Project's scope, activities, or budget.

4. FINANCIAL ARRANGEMENTS

a. Funds received for the Project shall be held in a dedicated fund ledger (or separate bank account if mutually agreed) by the Fiscal Sponsor.

b. The Fiscal Sponsor shall charge an administrative fee of {{administrative_fee_percentage}}% of all contributions received for the Project, to cover its overhead and administrative costs.

c. Disbursements to the Project shall be made upon receipt of properly documented requests and in accordance with the approved budget.

5. TERM AND TERMINATION

This Agreement shall commence on the Effective Date and continue until {{end_date_of_agreement}}, unless terminated earlier by either party with {{notice_period_days}} days' written notice.

Upon termination, any remaining Restricted Funds, after all Project obligations are met, shall be disbursed according to the Fiscal Sponsor's discretion for purposes consistent with the Project's original intent or returned to donors if stipulated by donor agreements and tax regulations.

6. INDEMNIFICATION

The Sponsored Project agrees to indemnify and hold harmless the Fiscal Sponsor from and against any and all claims, liabilities, losses, damages, and expenses (including attorneys' fees) arising from the Project's activities, except to the extent caused by the gross negligence or willful misconduct of the Fiscal Sponsor.

7. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of {{governing_jurisdiction}}.

SIGNATURES

IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date.

_____________________________

{{sponsor_organization_name}} (Fiscal Sponsor)

By: {{sponsor_authorized_signatory_name}}

Title: {{sponsor_authorized_signatory_title}}

Date: {{sponsor_signature_date}}

_____________________________

{{project_name}} (Sponsored Project)

By: {{project_representative_name}}

Title: {{project_representative_title}}

Date: {{project_signature_date}}

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