Glossary Term


Fiscal Agent or Sponsor

A fiscal agent or sponsor is a nonprofit organization with 501(c)(3) status that has agreed to receive and administer a grant, for an individual, organization, or group not affiliated with a nonprofit organization or does not have 501(c)(3) status.  The important distinction between a fiscal sponsorship and fiscal agency arrangement is that funds contributed to a non-exempt project that has a fiscal sponsor are tax deductible to the donor and those that are contributed to a project with a fiscal agent are not.

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