Some notable nonprofit closings in recent weeks remind us of the critical importance of governance, both legally and ethically, to the health of our sector. For fiscal sponsors, there is the added layer of complexity in the relationship between project Advisory/Steering Committees and the board of the sponsor, both of which share in the exercise of good stewardship. The 2023 field scan of fiscal sponsors surfaced a mix of approaches when it comes to project advisory bodies, so we feel it’s time to refocus on governance and explore this relationship further. What are the healthy practices for both project advisory and sponsor boards, together and separate? Can fiscal sponsors offer our sector a degree of resiliency through both governance structures? What happens when things go wrong with a sponsor or a project; what are the responsibilities of both governing bodies? Join us for a practical conversation about governance for fiscal sponsors and projects.

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