Global Academics serves as a Grant Fiscal Sponsor and thus plays a crucial administrative and financial role for individuals, groups, or projects that do not have their own nonprofit (501(c)(3)) status but want to apply for and manage grant funding by experienced professionals.

What does Global Academics do to Fiscally Support the Your Project?

1. Serve as your Legal and Financial Umbrella:
   Global Academics is a registered nonprofit organization that legally receives and manages grant funds on behalf of a sponsored project. Because many funders only give grants to tax-exempt entities, the sponsor’s nonprofit status allows the project to access those funds legally.
2. Financial Management:
   Global Academics supports your project by receiving, tracking, and disbursing the grant money according to the approved budget and the funder’s requirements. They ensure proper accounting, recordkeeping, and reporting to maintain compliance with IRS and grant regulations.
3. Compliance and Oversight:
   Global Academics ensures that the project follows all legal, financial, and reporting obligations. This includes filing necessary tax documents, managing audits if required, and ensuring funds are used for the intended charitable purposes.
4. Administrative Support:
   Global Academics provides additional services such as payroll, human resources, insurance, or bookkeeping support for the project, helping reduce administrative burdens for project leaders.
5. Reporting to Funders:
   Global Academics assists with submitting financial and narrative reports to funders, ensuring transparency and accountability.
6. Support and Guidance:
   Beyond finances, Global Academics can mentor or guide project leaders in best practices for nonprofit management, helping them build capacity until they are ready to become an independent organization.