Fiscal Sponsorship Agreement Template

A fiscal sponsorship agreement is a legal document that outlines the relationship between a non-profit organization (the fiscal sponsor) and a project or individual (the sponsored project) seeking financial support. The fiscal sponsor acts as a legal and financial umbrella for the sponsored project, providing it with tax-exempt status, administrative support, and access to funding opportunities.

Key Components of a Fiscal Sponsorship Agreement Template

A well-crafted fiscal sponsorship agreement template should include the following essential elements:

1. Parties to the Agreement

Clearly identify the parties involved in the agreement, including the names of the fiscal sponsor and the sponsored project. If applicable, specify the names of individuals authorized to represent each party.

2. Purpose of the Sponsorship

Define the specific goals and objectives of the sponsored project, ensuring that they align with the mission and vision of the fiscal sponsor.

3. Term of the Agreement

Establish the duration of the sponsorship agreement, specifying the start date and end date. Consider including provisions for renewal or termination under certain circumstances.

4. Financial Obligations

Outline the financial responsibilities of each party. This may include:

Fundraising: Specify who will be responsible for raising funds for the sponsored project.

Financial Reporting: Determine the frequency and format of financial reports that the sponsored project must provide to the fiscal sponsor.

Fee Structure: Clearly state the fees or charges that the fiscal sponsor will impose on the sponsored project, including any applicable percentages or flat rates.

5. Administrative Responsibilities

Detail the administrative duties and responsibilities of each party. This may include:

Tax Compliance: Specify the fiscal sponsor’s obligations regarding tax filings and compliance.

Insurance: Determine who is responsible for obtaining and maintaining insurance coverage for the sponsored project.

Public Relations: Outline the guidelines for public communications and outreach related to the sponsored project.

See also  Corporate Sponsorship Agreement Template

6. Intellectual Property

Address the ownership and use of intellectual property created by the sponsored project. This may include copyrights, trademarks, patents, and other proprietary rights.

7. Confidentiality

Establish confidentiality obligations for both parties, ensuring that sensitive information is protected.

8. Dispute Resolution

Specify the mechanisms for resolving disputes that may arise between the parties. This may include mediation, arbitration, or litigation.

9. Termination

Outline the conditions under which either party may terminate the agreement. This may include breach of contract, insolvency, or other specified reasons.

10. Governing Law

Indicate the governing law that will apply to the agreement, specifying the jurisdiction where any disputes will be resolved.

Design Elements for a Professional Fiscal Sponsorship Agreement Template

To convey professionalism and trust, consider the following design elements:

Clear and Concise Language: Use plain language that is easy to understand. Avoid legal jargon whenever possible.

Consistent Formatting: Maintain consistent formatting throughout the document, using headings, subheadings, and bullet points to improve readability.

Professional Typography: Choose a professional font that is easy to read and visually appealing.

White Space: Use ample white space to create a clean and uncluttered layout.

Logo Placement: Include the logos of both the fiscal sponsor and the sponsored project in a prominent location.

Contact Information: Provide clear contact information for both parties, including names, addresses, phone numbers, and email addresses.

By carefully considering these elements, you can create a professional fiscal sponsorship agreement template that effectively outlines the relationship between the fiscal sponsor and the sponsored project.