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LSDefine

Simple English definitions for legal terms

fiscal sponsor

Read a random definition: nundinae

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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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