In continuation to my earlier post about Fiscal Sponsorship, here is additional information that I learned recently.

Projects and Organizations looking for a fiscal sponsor: 

1. The Foundation Center [1] has a great fiscal sponsorship tutorial for anyone interested in learning more about fiscal sponsorship. 

2. The Community Resource Center [2] in Colorado also has a great step-by-step explanation about fiscal sponsorship and the difference between the term "fiscal agent" and "fiscal sponsor."

Nonprofits that serve as a fiscal sponsor:

1. I recently learned that private foundations must follow expenditure responsibility. The IRS [3] explains about expenditure responsibility on its website.

2. All nonprofits should be aware of the Patriot Act and how it could effect them. Guidestar [4] explains the Patriot Act as well as links to the "U.S. Department of the Treasury Voluntary Best Practices for U.S. Based Charities." I feel these practices are something all nonprofits should strive for. The Independent Sector has developed similar best practices, called the "Checklist for Accountability [5]."