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.
Fill out the
disbursement form here at Submittable.
If it’s your
first request make sure to submit a W9 with the request.
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
Submit the proper
Expenses – Each time you make a disbursement request you must submit an outline
of what the funds will be used for.
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
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.