As a fiscally sponsored project of SDF you are entitled to make one disbursement request per month. SDF recommends that you request your balance from us prior to making the disbursement request. Your funds will be available for disbursement two weeks from the SDF deposit date.
1. Fill out the disbursement form here at Submittable.
2. If it’s your first request make sure to submit a W9 with the request.
Disbursement checks must be made payable to an LLC or business checking account. For folks who don’t have an LLC you’ll need to make sure you have a business checking account set up in the name of the project with your bank prior to making a disbursement request. SDF cannot write checks to individual project directors. We also don’t pay your vendors directly. http://www.irs.gov/pub/irs-pdf/fw9.pdf
3. Submit the proper reporting:
Anticipated Expenses – Each time you make a disbursement request you must submit an outline of what the funds will be used for.
Previous Expenses – You must also report on the actual expenses paid for with your previous disbursement funds. Examples of this reporting are a Quickbooks P&L for the specific date range that covers the expenses incurred.
We need a report on previous expenses with the following detail:
Check number and date
Purpose/description of the service/expense and budget category
Is there a balance forward? For example, you previously received a disbursement for $5,000 but only have expenses so far totaling $4,000. You will need to note a balance forward on your report and include actual reporting on that remaining $1,000 balance with your next disbursement.