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LSDefine

Simple English definitions for legal terms

fiscal sponsor

Read a random definition: special indorsement

A quick definition of fiscal sponsor:

A fiscal sponsor is a special type of non-profit organization that helps other people or groups who want to do good things but don't have their own non-profit status yet. The fiscal sponsor shares their legal and tax-exempt status with the other group through a special agreement.

A more thorough explanation:

A fiscal sponsor is a non-profit organization that provides its legal and tax-exempt status to another person, group, or entity through a contractual agreement. This allows the sponsored entity to receive tax-deductible donations and grants, as well as access to other resources that may not be available to them otherwise.

  • A community group wants to organize a charity event to raise money for a local cause, but they are not a registered non-profit organization. They can partner with a fiscal sponsor who will provide them with legal and tax-exempt status, allowing them to receive donations and grants for their event.
  • A filmmaker wants to produce a documentary about a social issue, but they do not have the funds to do so. They can partner with a fiscal sponsor who will provide them with access to grants and other resources that are only available to non-profit organizations.

These examples illustrate how a fiscal sponsor can help individuals or groups achieve their goals by providing them with the legal and financial support they need. By partnering with a fiscal sponsor, they can focus on their mission and activities without having to worry about the administrative and legal aspects of running a non-profit organization.

first impression | fiscal year accounting period

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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