Relationship Between SPI and Associated Projects
SPI acts as a fiscal sponsor for associated projects.
SPI does not own, govern or control the associated projects. All actions by SPI on behalf of associated projects must comply with relevant laws, SPI's By-Laws and 501(c)3 status. SPI does not prohibit the project having a similar relationship with other fiscal sponsors.
Freedom to Leave
The project liaison may decide that the project is leaving SPI at any time. Any assets and money held by SPI for the project may be transferred to a 501(c)3 US non-profit of the liaison's choice, or simply held until expended.
SPI does not indemnify associated projects or members.