What are the responsibilities of a fiscal sponsor?
The fiscal sponsor is the entity with overall and final accountability for the project. A fiscal sponsor of the project must sign off on the grant agreement and other required award documents and reports if the proposal is approved for funding. Ideally, the sponsoring organization should have an “organic” relationship to the project, and should provide tangible resources and support to the project. In any case, the project should align with the mission of the sponsoring organization.
Related Questions
- What are the sponsor’s responsibilities toward exchange participants in the event of a national emergency or natural disaster?
- When might an organization use a fiscal sponsor? What types of organizations finds fiscal sponsors most useful?
- What is the difference between fiscal sponsor relationship and parent/subsidiary relationship?
