Fiscal sponsorship

Fiscal sponsorship refers to the practice of non-profit organizations offering their legal and tax-exempt status to groups—typically projects—engaged in activities related to the sponsoring organization's mission. It typically involves a fee-based contractual arrangement between a project and an established non-profit.[1] Originally, this concept was developed at the request of the Department of Housing and Urban Development to enable distribution of funds to local charitable groups in the 1950s and has been a practice ever since.

  1. ^ Trust for Conservation Innovation (2003-09-29). "Fiscal Sponsorship: the state of a growing service" (PDF). Retrieved 2011-08-30.