Stop Proxy Organizations Nurturing Subversive Operations and Riots Act holds 501(c)(3) organizations liable for fiscal sponsorship activities.
The Stop Proxy Organizations Nurturing Subversive Operations and Riots Act, also known as the SPONSOR Act, amends the Internal Revenue Code to hold 501(c)(3) organizations liable for fiscal sponsorship activities. These organizations are liable for any criminal or civil liability related to the use of funds provided as a fiscal sponsor. A fiscal sponsorship involves an organization receiving and administering funds on behalf of a non-exempt project or organization, retaining control over the funds to ensure they are used for the intended purposes.
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