Through tax sponsorship, you can take advantage of some of the benefits of Fractured Atlas` tax-exempt status to access discounted spaces, solicit tax-deductible donations, and request funds from corporations and foundations. However, there are other criteria when choosing a tax sponsor than whether they meet the description of the ideal candidate of a tax-exempt organization or meet their requirements. Before submitting a project proposal to apply to the charity for tax support, it is common to research the nonprofit to ensure it is reputable, experienced, and provides appropriate support. [10] Reputable websites offering comprehensive tax sponsorship programs may indicate that organizations have knowledge of the issue and an understanding of the relationship between a financial sponsor and the sponsored sponsor. [11] As a result, the tax sponsorship process is more likely to proceed more easily and remain under control. Here are some of the many 501(c)(3) arts organizations with tax sponsorship programs that accept applications: The most important thing to remember is that the sponsoring organization becomes legally and financially responsible for your project if they agree to sponsor you. While it doesn`t have to be difficult or complicated, a sponsorship is a legal relationship that needs to be taken seriously by everyone involved. Most sponsors will ask you to submit regular progress reports, and it`s extremely important to have clear and open communication. It is usually more convenient to choose a sponsoring organization that is geographically close to you. Fractured Atlas (www.fracturedatlas.org) is a non-profit organization that offers tax sponsorship to artists through an online application process.

You can read more about their program at: www.fracturedatlas.org/site/fiscal/ In the U.S. alone, there are many 501(c)(3) arts organizations with full tax incentives. Their websites contain information such as eligibility, benefits, conditions, and/or direct steps to apply for tax sponsorship online. Resources and tools are available to filmmakers, visual artists, dancers and other creatives whose projects need support, especially financial assistance, to start or maintain. While 501(c)(3) not-for-profit organizations benefit financially from the tax incentive by receiving a small portion of the funds raised, they offer their support because they believe in the goal of the sponsored project and want to see the project in its own right. Therefore, before choosing a tax incentive program, arts organizations and artists should consider the intentions and objectives of their project. Once decided, it is then advisable to choose a 501 (c) (3) non-profit organization that best fits the mission of the project and meets its needs. People who already know your job are the people most likely to give you money, especially if you`re just starting out as a fundraiser. Since people are more likely to donate when they can receive a tax deduction, a tax incentive can be a powerful fundraising tool. Many artists have collected donations for their projects by simply writing letters asking for the support of their friends and acquaintances. Fractured Atlas` tax referral program offers many benefits that other tax sponsors simply don`t have the resources or infrastructure to do. Here are some of the benefits that make our program special: any ongoing or temporary project in art can be sponsored.

To see some of the artists we`re currently working with, check out some of our sponsored artist profiles, organized by category: Tax sponsorship allows you to use the tools we offer to support your work. We know that there is no one-size-fits-all solution and that you are the expert in what you create. You can use some or all of our tools to customize the support you need. With tax sponsorship, you can: Tax sponsorship is a contractual relationship between a 501(c)(3) nonprofit and a group or individual whose activities fall within the sponsoring organization`s mission. This relationship allows 501(c)(3) to extend certain benefits of the nonprofit to the sponsored group without the group itself needing to apply for nonprofit status. Of course, arts organizations with 501(c)(3) status cannot financially sponsor all artists who approach their group. In fact, many tax-exempt nonprofits will choose who they sponsor for tax based on a number of criteria. For example, most funding sources only agree to take on projects that align with their organization`s mission and purpose in order to avoid the likelihood that their 501(c)(3) status could be revoked. [8] In addition, some arts organizations require the artist to create non-commercial works and serve the public.

[9] Fractured Atlas is a member of the Steering Committee of the National Network of Tax Promoters and follows its best practice guidelines. The NCCR promotes the understanding and professional practice of tax sponsorship. Although the models and missions differ, the organizations that make up the NCCR share common issues and aspirations to ensure responsible use of the tax incentive instrument. First, you and the Sponsor must sign an agreement on the terms of the sponsorship. Since donors pay their cheques to the tax sponsor, you need to make sure that you have a written promise from the sponsor that they will give you the funds that will be given to your project. .