A fiscal sponsorship agreement is a legal document that outlines the relationship between a non-profit organization (the fiscal sponsor) and a project or individual (the sponsored project) seeking financial support. This agreement allows the sponsored project to benefit from the fiscal sponsor’s tax-exempt status and established infrastructure while maintaining its own identity and mission.
Key Components of a Fiscal Sponsorship Agreement Template
A well-crafted fiscal sponsorship agreement template should include the following essential elements:
1. Parties to the Agreement: Clearly identify the fiscal sponsor and the sponsored project, including their legal names and addresses.
2. Purpose of the Agreement: State the primary objectives of the fiscal sponsorship relationship and how it aligns with the missions of both parties.
3. Term of the Agreement: Specify the duration of the agreement, whether it’s a fixed term or open-ended.
4. Financial Responsibilities: Outline the financial obligations of both parties, including:
Fundraising: Specify who will be responsible for fundraising activities and how the funds will be allocated.
5. Intellectual Property: Address ownership and licensing of intellectual property created by the sponsored project, ensuring that the rights are protected and allocated appropriately.
6. Indemnification: Include provisions that outline the circumstances under which each party may be liable for the other’s actions or omissions.
7. Termination: Specify the conditions under which either party can terminate the agreement, including any notice requirements or dispute resolution procedures.
8. Governing Law: Indicate the jurisdiction that will govern the interpretation and enforcement of the agreement.
Design Elements for a Professional Fiscal Sponsorship Agreement Template
To convey professionalism and trust, consider the following design elements when creating your template:
1. Clear and Concise Language: Use plain, straightforward language that is easy to understand. Avoid legal jargon or technical terms that may confuse the parties.
2. Consistent Formatting: Maintain a consistent format throughout the template, including font size, line spacing, and margins. Use headings and subheadings to organize the content and improve readability.
3. Professional Layout: Choose a professional and clean layout that enhances the overall appearance of the template. Consider using a serif font for the main body text and a sans-serif font for headings and subheadings.
4. White Space: Incorporate sufficient white space to improve readability and create a visually appealing document. Avoid overcrowding the page with text.
5. Branding Elements: If applicable, include branding elements such as your organization’s logo or color scheme to reinforce your identity and professionalism.
6. Legal Review: Before finalizing the template, have it reviewed by an attorney to ensure that it complies with all applicable laws and regulations.
By carefully considering these key components and design elements, you can create a professional fiscal sponsorship agreement template that effectively outlines the relationship between the fiscal sponsor and the sponsored project, protects the interests of both parties, and fosters a successful partnership.
