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. For details on this process, contact J.P. Cummins, First Vice President/Investments at Janney Montgomery Scott, LLC. JCummins@janney.com