Unlike business corporations, which are owned by and owe allegiance to shareholders, nonprofits are governed by boards of directors in accordance with each organization's purpose, articles, and bylaws. It is the configuration and administration of these underpinnings that form the core of the Nonprofit Governance and Ethics practice area.
This letter could be important in the event that a Model C fiscal sponsor disburses grant funds for the benefit of a grantee, not by cash grants to the grantee, but by writing checks directly to the grantee’s vendors.
Short form of Fiscal Sponsorship Grant Agreement between a fiscal sponsor and a Model C fiscally sponsored project.
Share this page by clicking on one of the social networks below.