fiscal sponsor

Definition of "fiscal sponsor"
  1. A nonprofit organization that manages funds and donations for an emerging group or project that does not yet have its own tax-exempt status
How to use "fiscal sponsor" in a sentence
  1. The budding charity was unable to accept donations until they found a fiscal sponsor.
  2. For their first project, the community group relied on their fiscal sponsor to manage the funds.
  3. Without their fiscal sponsor, the new education initiative would not have been able to function.

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