- Legal vs tax
- The sponsor is the taxpayer/exempt org. Your project sits under their controls and their 990.
- Liability
- Depends on the sponsorship agreement. You do not automatically inherit their shield.
- Default federal tax
- not applicable
- Other federal options
- —
- Formation / maintenance
- Sponsorship agreement, budget, and the sponsor's onboarding — not articles of incorporation.
- Public-record notes
- Activity may appear on the sponsor's public filings.
- Succession
- The project may not be portable without the sponsor's consent.
- Investor fit
- Grants only, through the sponsor.
Disqualifiers
- Need your own charity
- Need equity ownership
Professional review: attorney, cpa.