Indiana Arts Commission/Tippecanoe Arts Federation
Region 4 Arts Partnership 

Fiscal Sponsor Responsibilities & Agreement Form  
(For use with APS and Mini-Grant applications only)

Fiscal Sponsor Responsibilities

A fiscal sponsor is a public agency or tax-exempt not-for-profit organization eligible to apply for Regional Block Grant funding which agrees to apply for funds on behalf of an Indiana nonprofit which has applied for, but has not yet received tax-exempt status. The fiscal sponsor is the applicant of record. 

The fiscal sponsor and sponsored entity must develop a written agreement which outlines the roles, responsibilities, and working relationship between the two parties.  A copy of the agreement must be submitted with the grant application. If funding is awarded, the fiscal sponsor will be the recipient and administrator of the funds, and is legally responsible for insuring that the funds are used for the purposes stated in the project proposal. 

The Fiscal Sponsor will:

1. Be the applicant of record and sign the application form.
2. Enter into a contractual agreement with the Regional Arts Partner for the receipt of the grant funds.
3. Receive the funds.
4. Maintain accurate and up-to-date records of the receipt of the funds.
5. Assure the security of the funds until they are disbursed to the sponsored entity implementing the project.
6. Disburse the funds to the sponsored entity as warranted.
7. Maintain an accurate and up-to-date accounting of expenditures and income for the project.
8. Provide a final grant report of overall expenses and income for the project (all sources) to the Regional Arts Partner within the time period stipulated in the grant contract.
9. Reimburse the Regional Arts Partner for any grant funds disbursed which are not spent according to the stipulations of the grant contract.
10. Undergo a fiscal review of financial records pertaining to the grant by an agent of the IAC or the Regional Arts Partner if such review is deemed appropriate.
11. Assure compliance with federal and state regulations prohibiting discrimination.
12. Assure compliance with federal and state regulations governing minimum wages.
13. Assure compliance with federal and state regulations governing working conditions.

These guidelines pertain to the Indiana Regional Partnership Initiative Grant Program. They may or may not be applicable to the programs of other federal, state, or private agencies or endowments.

Contact TAF Regional Services Director