(To use this letter for your own purposes, copy and paste the text below into a new document of your own).
NOTE: This is a very basic agreement. Applicants and fiscal agents should tailor this letter to reflect the nature of your agreement.
(Date)
This is to verify the temporary agreement between (fiscal agent name) and (applicant name) for (fiscal agent name) to act as a fiscal agent to (applicant name).
As a fiscal agent, (fiscal agent name) will lend its tax exempt status to (applicant name) for the Vermont Arts Council's ___________________ Grant program.
(Fiscal agent name) understands that they are the legal applicant for this grant, agrees to redistribute funds to (applicant name) and is responsible for all published requirements of the ___________________ Grant program. This includes contracts, fiscal records and a final report. In return, (applicant name) will acknowledge (fiscal agent name) on all publicity connected with the grant project, will inform (fiscal agent name) of any changes in the proposed project, and will supply all necessary information for reporting and fiscal records.
(In this space, you may elaborate on the nature of the partnership between the applicant and the fiscal agent such as % taken by fiscal agent, that reports will be completed in good time by applicant, etc.).
_______________________________
Applicant Signature
Applicant Name typed
_______________________________
Signature of Authorizing Official
of Fiscal Agent
Name and title typed
________________________________
Organization Name of Fiscal Agent