55A - RESO - GRANTS FOR BLOCKS PROGRAM

Home Browse Search

Model A Agreement EXHIBIT 1 FISCAL SPONSORSHIP GUIDELINES FOR NON-PROFIT 501(c)(3) ORGANIZATIONS 1. Sponsorship benefits include the operation of the Project within a 501(c)(3) fiscal sponsor (making it possible to be funded with tax-deductible contributions), the receipting and managing of contributions, and the authorization and payment of grants and expenses from the Fund created for the charitable purposes of the Project. Sponsorship services do not include administrative support to the Committee or fundraising support, or financial support except as provided in Paragraph 5 below. 2. As a fiscally sponsored direct project of CVOC, the Project is an integral part of CVOC and CVOC will be legally responsible for the Project's administration, management, and disbursements from the Fund. 3. CVOC retains the right to approve payments to carry out the purposes of the Project. The Committee may make recommendations for the specific expenditures on behalf of the Project, which CVOC will review, and if approved, will authorize payment. 4. CVOC prepares receipts and acknowledgments for all gifts to the Fund. CVOC will provide monthly financial reports to the Committee. 5. The Committee may apply to funding sources under the auspices of CVOC, subject to CVOC's prior approval, but CVOC is not in any way responsible to the Committee for providing or acquiring financial support for the project. CVOC must review in advance all fundraising plans and requests for funding. In addition, all copy referencing CVOC to be used in marketing or fundraising must be approved in advance by CVOC. CVOC will provide grant submittal and packaging support for all grants submitted. 6. It is requested that the Committee ensure that the Project credits CVOC in publications and news releases or stories, subject to the prior approval of CVOC. CVOC may give the Project mention in newsletters and annual reports of CVOC. Exhibit 2 55A-13