Fiscal Sponsorship Agreement Template

This fiscal sponsorship agreement template has 7 pages and is a MS Word file type listed under our human resources documents.

Sample of our fiscal sponsorship agreement template:

FISCAL SPONSORSHIP AGREEMENT This Fiscal Sponsorship Agreement (the "Agreement") is made and effective this [DATE], BETWEEN: [SPONSOR NAME] (the "Sponsor"), a nonprofit organization organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], [COUNTRY], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [PROJECT NAME] (the "Project"), an initiative of [PROJECT ORGANIZATION NAME] (the "Project Organizer"), with its head office located at: [COMPLETE ADDRESS] WHEREAS, the Sponsor agrees to provide fiscal sponsorship services to the Project Organizer under the terms and conditions set forth herein; WHEREAS, the Project Organizer desires to engage the Sponsor for the provision of these services; IT IS HEREBY AGREED THAT: PURPOSE 1.1 The purpose of this Agreement is to establish the terms and conditions under which the Sponsor will provide fiscal sponsorship to the Project Organizer, enabling the Project Organizer to receive tax-deductible donations and grants under the Sponsor's tax-exempt status. SPONSOR SERVICES 2.1 The Sponsor agrees to provide the following services to the Project Organizer: a. Fiduciary oversight and financial management. b. Receiving and administering funds on behalf of the Project Organizer. c. Issuing tax-deductible receipts to donors. d. Maintaining accurate financial records and providing regular financial reports to the Project Organizer. e. Ensuring compliance with applicable laws and regulations. f. Providing administrative support as agreed upon by both Parties. PROJECT ACTIVITIES 3.1 The Project Organizer agrees to conduct the Project's activities in a manner consistent with the Sponsor's tax-exempt purposes. 3.2 The Project Organizer will provide the Sponsor with regular updates on the Project's activities, including progress reports, budgets, and any other information requested by the Sponsor. FUNDS MANAGEMENT 4.1 All funds received by the Sponsor on behalf of the Project shall be used exclusively for the Project's charitable purposes, as described in Exhibit A. [Attach detailed project description and budget.] 4.2 The Sponsor will disburse funds to the Project Organizer in accordance with the budget and spending plan approved by the Sponsor. 4.3 The Project Organizer will submit requests for disbursements to the Sponsor, along with appropriate documentation and receipts. TERM AND TERMINATION 5.1 The term of this Agreement shall commence on [START DATE] and continue until [END DATE], unless terminated earlier in accordance with this Agreement. 5.2 Either Party may terminate this Agreement by providing [NUMBER OF DAYS] days' written notice to the other Party. 5.3 In the event of termination, the Sponsor will ensure that any remaining funds are used for the Project's charitable purposes or returned to the donors if required. COMPENSATION 6.1 The Project Organizer agrees to pay the Sponsor an administrative fee of [PERCENTAGE]% of the funds received on behalf of the Project, payable as follows: [PAYMENT TERMS]. 6.2 The Sponsor will deduct the administrative fee from the funds received before disbursement to the Project Organizer. COMPLIANCE WITH LAWS 7.1 The Sponsor agrees to comply with all applicable laws and regulations in the performance of its duties under this Agreement. 7.2 The Project Organizer agrees to conduct the Project's activities in compliance with all applicable laws and regulations and to avoid any activities that could jeopardize the Sponsor's tax-exempt status. INDEMNIFICATION 8.1 The Project Organizer agrees to indemnify and hold harmless the Sponsor from any claims, damages, liabilities, and expenses (including reasonable attorneys' fees) arising out of or in connection with the Project's activities or the Project Organizer's breach of this Agreement. 8.2 The Sponsor agrees to indemnify and hold harmless the Project Organizer from any claims, damages, liabilities, and expenses (including reasonable attorneys' fees) arising out of or in connection with the Sponsor's performance under this Agreement. INSURANCE 9