The Life and Death of Julius Caesar Shakespeare homepage | Julius Caesar | Act 4, Scene 3 Previous scene | Next scene
Some foundations allow a tax-exempt organization to act as fiscal agent for another organization for various reasons. The fiscal agent agreement is more than an act of kindness from a big nonprofit to a startup. It is a legal action that has consequences.
Relating to finance or financial matters, such as money, taxes, or public or private revenues. A fiscal agent is a bank engaged in the business of collecting and disbursing money. Such a bank also serves as a place for the deposit of private and public funds on behalf of others. A fiscal year is a period of twelve months that does not necessarily correspond with the traditional calendar year.