Do Multiple Agencies Under One Fiscal Sponsor use the same c r m?

This is NOT about the best tool to use, but about common practice for orgs with a fiscal sponsor, so I hope that's okay.

Also, apologies for a naive question, as I get my head around how orgs work with a fiscal sponsor.

So let's say there are 5 agencies all woking with the same fiscal sponsor (FS).

If the FS is receiving the gifts, is the FS entering and tracking them in a central database?

If so, do the staff at the agencies have access also? They must, I'm guessing.

Or do the agency staff all have access to enter gifts and manage within the database? But if they do, is there typically a means to privatize their data so they do see each other's?

Or is there some other arrangement I'm not even thinking of?

THANK YOU FOR ANY GUIDANCE.

submitted by /u/joemondo
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