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

Occasionally a foundation may be asked to make a grant payable to a fiscal sponsor or a 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 need to understand what this means and make a fully informed decision about whether granting to an agent or sponsor is right for them. Council on Foundations attorney Bryan J. Del Rosario discusses this subject and shares examples of how a fiscal sponsorship can be successful.