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Below is a sample Memorandum of Understanding (MOU) between Causeway and our fiscal sponser partners. This outlines the standard roles, responsibilities, and fee structure involved in supporting projects through our platform. Find a downloadable MOU form at the bottom of the page.
Memorandum of Understanding (MOU)
Between: [ Fiscal Sponsor Name ]
And: Causeway Platform Solutions Inc.
Purpose
This MOU outlines the responsibilities and expectations of both parrties in supporting community projects funded through the Causeway platform. The goal is to ensure compliances, transparency, and smooth disbursement of donor funds.
1. Roles & Responsibilities
Causeway agrees to:
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Host and promote community-based projects submitted by non-profit organizations or grassroots groups.
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Provide fiscal sponsor matching services when needed.
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Clearly display all associated fees on project listings.
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Collect and disburse funds to the fiscal sponsor after fees are deducted.
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Offer basic donor reporting tools.
The Fiscal Sponsor agrees to:
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Receive donated funds on behalf of approved projects.
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Issue charitable tax receipts in compliance with CRA regulations.
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Hold and disburse funds to the project group according to hte project's approved budget and schedule.
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Maintain oversight and basic financial records for compliance purposes.
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Notify Causeway of any concerns or changes in project status.
2. Fees
The fiscal sponsor may change an administrative fee between 5-10% of disbursed funds. This fee will be clearly disclosed on the Causeway platform for each project.
3. Term & Termination
This MOU remains in effect until terminated by either party with 30 days; written notice. Projects in progress will be honoued through the completion unless otherwise agreed.
4. Confidentiality
Both parties agree to maintain confidentiality of donor information and comply with applicable privacy laws.
5. No Legal Partnership
This MOU does not create a legal partnership or joint venture between the parrties.
Signed:
Authorized Representative
[ Fiscal Sponsor Name]
Date: _________________________
Bryan Sakakibara
Causeway Platform Solutions Inc.
Date: _________________________