Understanding Key Terms in This Form
Grantee Organization: The entity that applies for funding, holds tax-exempt status, has its own bank account, and assumes fiduciary and legal responsibility for the grant. The Grantee Organization will sign the Grant Agreement Letter and be accountable for compliance and reporting.
Fiscally Sponsored Project/Program: A project, program, or organization that operates under the umbrella of a Fiscal Sponsor rather than having its own tax-exempt status. This may include initiatives housed within a larger entity such as a university.
Fiscal Sponsor: A tax-exempt organization that provides fiduciary oversight, financial management, and compliance support for a fiscally sponsored project or program. The Fiscal Sponsor is responsible for administering grant funds but does not directly manage the project’s programmatic activities.
Relationship to This Application
For the purposes of this application, the Fiscal Sponsor will serve as the Grantee Organization. This means that the Fiscal Sponsor will apply for the grant, sign the Grant Agreement Letter, and be responsible for financial and compliance obligations, even if the funding is intended to support a specific project or program.
In addition, for a Fiscally Sponsored Project/Program, the narrative portion of the application should be about the project/program, not the Fiscal Sponsor.
If you need more assistance filling out your LOI, please contact:
emogrants@neophilanthropy.org