fiscal agent

Isaac Kremer/ July 2, 2025/ / 0 comments

In some cases, a nonprofit may be asked to be another organization’s fiscal agent, which means to accept and be responsible for grant or donation monies on another group’s behalf; this is typically used when new groups are waiting on their Letter of Determination from the IRS or when groups choose to be under a fiscal sponsor to save on administrative or reporting burdens. (Davis, 2025)

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About Isaac Kremer

IsaacKremer.com is the personal website of Isaac Kremer, MSARP, a nationally recognized leader in the Main Street Approach to commercial district revitalization with over 25 years of experience. Kremer, New Jersey's first certified Main Street America Revitalization Professional (MSARP), has served as founding executive director for organizations like Experience Princeton and the Metuchen Downtown Alliance, which won a Great American Main Street Award under his leadership. He recently became director of the Royal Oak Downtown Development Authority in Michigan.

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