[OMS_MANAGERS] Fiscal Agent Agreement

[WINNER Megan]

Hi All,

Sure hope this message finds you in good spirits! As a tier 2 member, we are working on developing our Main Street program in Coburg and I'm reaching out today because the topic of accepting donations/applying for grants for projects has arisen. Our Chamber of Commerce (501c6) hosts Main Street, but we would like donations to go through the Coburg Community Foundation (501c3). Does anyone have any experience or examples of agreements for this type of partnership? I've heard some of your main street organizations have been fiscal agents for other entities. Our challenge is ensuring the funds held by a 501c3 go for an allowable nonprofit purpose and meets the purpose of the fiscal agent’s organizational purpose as well. Your thoughts are greatly appreciated!

Thank you, hope you enjoy the evening!

Best,

Megan Winner
Planning & Economic Development Assistant
City of Coburg
541.682.7862
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