LEGAL & GOVERNANCE

Fiscal Sponsorship

CFW & Associates uses a Model C fiscal sponsorship framework for the Blackstrap 2 Bootstraps project, subject to the finalized agreement with the designated 501(c)(3) nonprofit partner.

SECTION 1

What is the Fiscal Sponsorship?

Article V of the Operating Agreement authorizes a Master Fiscal Sponsorship and Service Agreement with one or more registered 501(c)(3) nonprofit partners under an IRS-compliant Model C framework. Under that framework:

CFW operates the marketplace infrastructure.
The 501(c)(3) Sponsor holds the applicable charitable / project funds.
Funds are restricted to approved charitable purposes.
The Sponsor retains ultimate discretion and control.
SECTION 2

Blackstrap 2 Bootstraps Project Fund

The Master Fiscal Sponsorship Agreement establishes a segregated project fund for amounts transferred from the Community Wealth Pool. Capital is swept from the pool on a recurring monthly basis and delivered to the Sponsor with an automated, anonymized transaction ledger demonstrating compliance with the $35,000 revenue cap set for Class B beneficiaries.

SECTION 3

Sponsor Responsibilities

CFW & Associates LLC

Operates the marketplace infrastructure and sweeps the 10% Community Wealth Pool allocation monthly, with anonymized transaction ledgers and quarterly programmatic updates.

501(c)(3) Sponsor

Holds the applicable charitable and project funds, retains ultimate variance power, discretion, and control, and pays third-party vendors on behalf of validated Class B members.

Under no circumstances shall any asset, cash allocation, or financial benefit from the fund be distributed to, or used to enrich, a Class A Managing Lineage Member.

SECTION 4

Eligible Support

Equipment Software Bookkeeping Compliance support Other approved charitable / project purposes
SECTION 5

Sponsor & Full Agreement

501(C)(3) PARTNER

[INSERT FINAL ORGANIZATION NAME]

The designated nonprofit partner has not yet been finalized. This page will be updated once the executed Master Fiscal Sponsorship and Service Agreement is in place.

View Fiscal Sponsorship Agreement Download PDF

The executed agreement remains the authoritative document in all cases.