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Nonprofit Genie (FAQs) | Fiscal Sponsorship
| What are the risks of being a fiscal sponsor for others? | |
| 01-17-2006 | |
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Often the sponsored project operates from a different physical location than the sponsor so the sponsor may forget to provide proper oversight and support. Conversely, the sponsored project needs to remember that it is part of a larger organization and the sponsee has agreed to give up some of its autonomy. Frequent, open communication is the key to making the relationship work for both sides.
Since the law considers the project and the sponsor to be one legal entity, each can be held responsible for the actions of the other.
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Contact Information | |
| Author/Contact: | David Barlow |
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