Fiscal sponsorship is a legal arrangement that allows TAP to accept legal and fiduciary responsibility for a funded project’s activities, help projects stretch charitable dollars by sharing administrative costs and gives startup organizations time to consider their options for growth.
It’s a relationship in which TAP shares its tax exempt status with you. This makes TAP the “fiscal sponsor” and your group the sponsored organization. The fiscal sponsor can provide any one or more of a broad range of consultative, administrative and “back office” functions. As fiscal sponsor, TAP is legally obligated to maintain fiduciary oversight of sponsored projects. Learn more by clicking on our FAQ’s.