Fiscal sponsorship refers to the practice of non-profit organizations offering their legal and tax-exempt status to groups engaged in activities related to the organization’s missions. It typically involves a fee-based contractual arrangement between a project and an established non-profit. See sample agreement. Fiscal Sponsorship does NOT imply that the Film Office funds any projects directly.
Engaging a Fiscal Sponsor allows you to apply for foundation grants available only to non profits and to offer individual donors a tax deduction for their donation to your project.
It also gives your donors the option of gifting appreciated stocks to your project, giving them enormous tax benefits, the opposite of cashing in their stock, which incurs heavy taxes. For details on this process, contact J.P. Cummins, First Vice President/Investments at Janney Montgomery Scott, LLC. JCummins@janney.com
There is a formal application process which includes an in-depth exploration of your project budget and full business plan, including summary of the project, timeline, fundraising strategy, distribution strategy/intended audience, bios of the principals and any other information that you feel reflects the integrity and viability of your project. The size of the budget is not relevant; the feasibility of your plan to produce the project smartly within that budget is the key. Become acquainted with the sample agreement , then contact Joan Bressler at 215-686-2668 or email firstname.lastname@example.org to discuss your questions and further steps.