10:47
Bio Chemistry is odd, some ppl just cannot absorb certain nutrients/vits. Like some calcium deficient ppl actually loose more calcium when they increase intake.
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LSDefine
Simple English definitions for legal terms
fiscal sponsor
Read a random definition: judicial trustee
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.