In a pre-approved grant relationship sponsorship relationship , the fiscally - sponsored project does not become a program belonging to the sponsor ( as is the case with comprehensive sponsorship ) .
Is a separate entity responsible for managing project 's own tax reporting and liability issues .
In a pre-approved grant relationship sponsorship relationship , the fiscally - sponsored project does not become a program belonging to the sponsor ( as is the case with comprehensive sponsorship ) , but is a separate entity responsible for managing its own tax reporting and liability issues .