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 agrees to provide administrative, financial, and legal support to the sponsored project, enabling it to raise funds and carry out its mission.

Key Components of a Fiscal Sponsorship Agreement Template

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

1. Parties to the Agreement

Clearly identify the parties involved in the agreement. This includes the name and address of the fiscal sponsor and the sponsored project.

2. Purpose of the Sponsored Project

Provide a detailed description of the sponsored project’s goals, objectives, and activities. This should be consistent with the fiscal sponsor’s mission and values.

3. Term of the Agreement

Specify the duration of the agreement, including the start and end dates. Consider whether the agreement should be renewable.

4. Financial Responsibilities

Outline the financial obligations of both parties. This includes:

Fundraising: The sponsored project may be responsible for raising funds, while the fiscal sponsor may provide support and guidance.

Financial Reporting: The sponsored project may be required to submit regular financial reports to the fiscal sponsor.

Fees: The fiscal sponsor may charge fees for its services. These fees should be clearly defined and outlined in the agreement.

5. Intellectual Property

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

6. Indemnification

Include an indemnification clause to protect both parties from liability. This clause should specify the circumstances under which one party may be held liable for the actions or omissions of the other party.

7. Governing Law and Dispute Resolution

Specify the governing law that will apply to the agreement. Also, include a dispute resolution clause that outlines the process for resolving any disagreements between the parties.

8. Termination

Provide details on how the agreement can be terminated. This may include circumstances such as breach of contract or mutual agreement.

Design Elements for a Professional Fiscal Sponsorship Agreement Template

To create a professional and trustworthy fiscal sponsorship agreement template, consider the following design elements:

Clear and Concise Language: Use simple, clear language that is easy to understand. Avoid legal jargon that may confuse the parties.

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

Professional Layout: Use a professional layout that is easy on the eyes and visually appealing.

Branding: Incorporate the fiscal sponsor’s branding elements, such as logo and colors, to create a cohesive and professional look.

Additional Considerations

Review and Consultation: Have the agreement reviewed by an attorney to ensure that it complies with all applicable laws and regulations.

Negotiation: Be prepared to negotiate the terms of the agreement to reach a mutually beneficial arrangement.

Regular Review: Review the agreement periodically to ensure that it remains relevant and effective.

By following these guidelines, you can create a professional and effective fiscal sponsorship agreement template that will help to protect the interests of both the fiscal sponsor and the sponsored project.