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CHARITABLE VENTURES OF ORANGE COUNTY (2) -2013
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CHARITABLE VENTURES OF ORANGE COUNTY (2) -2013
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Last modified
2/24/2014 11:30:44 AM
Creation date
2/24/2014 10:10:04 AM
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Contracts
Company Name
CHARITABLE VENTURES OF ORANGE COUNTY
Contract #
A-2013-131
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
8/5/2013
Destruction Year
0
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Model A Agreement <br />EXHIBIT 1 <br />FISCAL SPONSORSHIP GUIDELINES <br />FOR NON- PROFIT 501(c)(3) ORGANIZATIONS <br />1. Sponsorship benefits include the operation of the Project within a 501(c)(3) fiscal sponsor <br />(making it possible to be funded with tax- deductible contributions), the receipting and <br />managing of contributions, and the authorization and payment of grants and expenses from <br />the Fund created for the charitable purposes of the Project. Sponsorship services do not <br />include administrative support to the Committee or fundraising support, or financial support <br />except as provided in Paragraph 5 below. <br />2. As a fiscally sponsored direct project of CVOC, the Project is an integral part of CVOC and CVOC <br />will be legally responsible for the Project's administration, management, and disbursements <br />from the Fund. <br />3. CVOC retains the right to approve payments to carry out the purposes of the Project. The <br />Committee may make recommendations for the specific expenditures on behalf of the Project, <br />which CVOC will review, and if approved, will authorize payment. <br />4. CVOC prepares receipts and acknowledgments for all gifts to the Fund. CVOC will provide <br />monthly financial reports to the Committee. <br />S. The Committee may apply to funding sources under the auspices of CVOC, subject to CVOC's <br />prior approval, but CVOC is not in any way responsible to the Committee for providing or <br />acquiring financial support for the project. CVOC must review in advance all fundraising plans <br />and requests for funding. In addition, all copy referencing CVOC to be used in marketing or <br />fundraising must be approved in advance by CVOC. CVOC will provide grant submittal and <br />packaging support for all grants submitted. <br />6. It is requested that the Committee ensure that the Project credits CVOC in publications and <br />news releases or stories, subject to the prior approval of CVOC. CVOC may give the Project <br />mention in newsletters and annual reports of CVOC. <br />
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