Fiscal Sponsor means a tax-exempt, non-profit corporation that has agreed or is otherwise responsible for the receipt and disbursement of funds on behalf of the Organization. “Losses” means all losses, liabilities, damages and claims, and all related costs and expenses (including reasonable legal fees and disbursements and costs of investigation, litigation, settlement, judgment, interest and penalties).
Fiscal Sponsor means PBC and any person or persons (including partnerships, corporations, municipal corporations, or other public entities) that may succeed PBC and assume, as the Fiscal Sponsor, all of PBC’s obligations pursuant to Part II of Ordinance No. 39, Ordinance No. 109, the Fiscal Sponsorship Agreement, and any amendments thereof, which person or persons shall be obligated, and liable for, and capable of paying the Capital Costs and Net Operating Deficiencies of the Project.
Fiscal Sponsor means an organization that provides fiduciary oversight, financial management, legal status, and other administrative services to a secondary organization.
Examples of Fiscal Sponsor in a sentence
The Board Chair of the Fiscal Sponsor shall sign the Fiscal Sponsor Certification Form.
However, if you use a Fiscal Sponsor, you may not need a checking account depending on how your Fiscal Sponsor handles your receipts and invoices.
Grant agreement actually with BOSS (Building Opportunities for Self Sufficiency) as Fiscal Sponsor over several sub-grants toOakland Frontline Healers members.Direct grants to Council-selected recipients3.
Definition of Fiscal Sponsor: Fiscal sponsor is a 501(c)(3) tax exempt and nonprofit organization that has been assigned the responsibility to process the funds of another organization.
The Fiscal Sponsor may distribute those Payments in whatever manner and amount deemed fit by the Fiscal Sponsor or as agreed between the Organization and the Fiscal Sponsor.
More Definitions of Fiscal Sponsor
Fiscal Sponsor. MEANS A TAX-EXEMPT CHARITABLE OR SOCIAL WELFARE ORGANIZATION OPERATING UNDER SECTION 501 (c)(3) OF THE FEDERAL "INTERNAL REVENUE CODE OF 1986", AS AMENDED, THAT:
Fiscal Sponsor means a cultural organization that receives proceeds and
Fiscal Sponsor means the person who is responsible for the custody, accounting, and distribution of donations. The fiscal sponsor may not be an individual employed by the sponsoring agency.
Fiscal Sponsor means a community-based cultural organization that receives program moneys and contracts with a sponsored community-based cultural entity pursuant to the terms and conditions of this ordinance and guidelines developed by the program.
Fiscal Sponsor means PBC and any person or persons (including partnerships, corporations, municipal corporations, or other public entities) that may succeed PBC and assume, as the Fiscal Sponsor, all of PBC’s obligations pursuant to the Fiscal Sponsorship Agreement and the Supplemental Financing Agreement.
Fiscal Sponsor means the Sausalito Arts Festival Foundation, a California public benefit corporation (“Fiscal Sponsor”). The Fiscal Sponsor shall act as the non-profit recipient of all donations received by Tenant during the period commencing on the Effective Date and ending on the date Tenant is granted 501(c)3 status under the United States Internal Revenue Code. The Parties recognize this may take over one (1) year to accomplish. The Fiscal Sponsor shall provide evidence to Landlord that it is legally permitted to act as such prior to the Effective Date. Within ten (10) days of the date that Tenant is granted 501(c)3 status under the United States Internal Revenue Code, Tenant shall notify Landlord, and: (i) Tenant assume responsibility for accepting all donations; and (ii) Fiscal Sponsor shall transfer the entire balance of donations to Tenant.
Fiscal Sponsor means a cultural organization that receives proceeds and contracts with a sponsored cultural entity in accordance with the terms and conditions of this ordinance and Doors Open Program guidelines.