Memorandum of Understanding Between Organization X and Organization Y SAMPLE DOCUMENT

This document will serve as a Memorandum of Understanding between Organization X and Organization Y. Organization X will serve as the fiscal sponsor to Organization Y.

I. Terms of Partnerships

In support of the Organization Y,

Organization X agrees to: A. Serve as the fiscal sponsor of Organization Y, at an indirect rate of 12% per each funded proposal. B. Sign and execute on-time contracts with Organization Y consultants. Submit payments based upon terms of invoice. C. Assign Organization X staff to serve as the staff support to Organization Y’s administrative needs (i.e. securing letterhead, documents needed to submit grant proposals, reserving meeting space etc. . . ) D. Maintain ongoing and timely communication with Organization Y consultants. Build organizational capacity to integrate Organization Y into Organization X’s programming and infrastructure.

Organization Y project agrees to: A. Provide foundation prospects (grants calendar) to Organization X. B. Submit on-time reports to foundation partners. C. Provide copies of grant proposals and reports to Organization X. D. Provide monthly budget update for expenditures. E. Provide monthly activity report to sponsor. F. Submit consultant invoices. G. Maintain ongoing and timely communication with Organization X’s Executive Director.

II. Term and Termination of Agreement This agreement shall commence ______and terminates on ______at which point the terms of the MOU shall be re-determined. Upon written notification the terms of this agreement can be terminated, at which point any resources shall be forwarded to the designated institution or party, less the fiscal sponsors fees.

Organization X Organization Y Executive Director Signature Project Director Signature

______

Date:______Date:______

Bayview Hunters Point Community Fund