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LSDefine

Simple English definitions for legal terms

fiscal sponsor

Read a random definition: citatio ad reassumendam causam

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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JumpySubsequentDolphin
12:57
@glovediedthisishismom: GNXXXX
babycat
12:59
I heard if you apply YM at Brooklyn specifically it’s the equivalent of like a 5 LSAT point boost
HopefullyInLawSchool
13:00
^^^^This
13:00
does anyone have any information on lsu? I have only heard of 1 person getting a decision and its driving me insane
HopefullyInLawSchool
13:01
Just info on their YM applications but nothing else
HopefullyInLawSchool
13:02
@BeFree03:
13:04
yeah thats all i am seeing as well. i have literally looked everywhere trying to find at least a time of day for decisions but theres nothing
CuriousPanda2362
13:04
I feel like it’s the calm before the storm
CuriousPanda2362
13:05
Big movement are bound to happen soon but it’s so eerily quiet
HopefullyInLawSchool
13:05
^^^^Me taking a dookie
CuriousPanda2362
13:05
Lmao
babycat
13:06
Ehh I think schools will prob release information on their YM applicants first before they even get to RD
babycat
13:06
I wouldn’t expect RD applicants to hear anything until after Thanksgiving bc they prioritize YM so heavily
HopefullyInLawSchool
13:06
I heard theyll do that at LSU but not 100% sure
2big2fail
13:09
berkeley status checker is so funny
13:11
berk today will be Huge if it happens
2big2fail
13:12
i think berkeley next wave will be in december
13:13
that is probable i just have a funny where i say “berk today” every single day
2big2fail
13:13
makes sense
@JumpySubsequentDolphin: TODAY IS OUR DAY also 1pm est or pst?
JumpySubsequentDolphin
13:14
YEAHHH SPLITTY. also PST
yo mama jokes will never not be funny
everyone trying to YM each other but no JM... damn :/
AHAHAHAAH
i'm lying in wait dw
if no gtown today i'm crashing out so bad yall don't even know
i will not be racist or say slurs tho unlike Some people
how bad on a scale of wild- evol bunny
HAHAHAH
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