Fiscal sponsor
Term · Law · MLC-T-LAW-002140
A nonprofit organization that provides administrative and legal oversight for a project or group that does not have its own tax-exempt status. This arrangement allows the sponsored project to receive tax-deductible donations and grants through the sponsor's established legal framework. The fiscal sponsor typically handles financial management, reporting, and compliance with IRS regulations.
| Identifier | MLC-T-LAW-002140 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-002140",
"term": "Fiscal sponsor",
"field": "Law",
"definition": "A nonprofit organization that provides administrative and legal oversight for a project or group that does not have its own tax-exempt status. This arrangement allows the sponsored project to receive tax-deductible donations and grants through the sponsor's established legal framework. The fiscal sponsor typically handles financial management, reporting, and compliance with IRS regulations.",
"url": "https://mlchart.com/terminology/law/fiscal-sponsor/"
}
Record 2,048 of 5,441 in Law terminology (MLC-0107). Request the full dataset.