"Conduit" or Can't Do it? What to Do When Your Grantee is not the Grantee

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Occasionally a foundation may be asked to make a grant payable to a fiscal sponsor or fiscal agent acting on behalf of a charitable grantee. In some instances, the intended grantee may not be a legal entity or qualified 501(c)(3) public charity and a fiscal sponsor is necessary to facilitate the grant. Grantmakers needs to understand what this means and make a fully informed decision about whether granting to an agent or sponsor is right for them. Please join Council on Foundations attorney, Bryan J. Del Rosario, to learn about this sometimes misunderstood subject, and to hear about examples of how a fiscal sponsorship can be successful.