Fiscal sponsorship is a contractual arrangement between a legal 501(c)(3) organization and a project that does not have non-profit status. The non-profit organization provides limited financial and legal oversight for the project. During the period of fiscal sponsorship, the project is eligible to solicit grants and tax-deductible contributions that they would not be able to receive without non-profit status.
Fiscal Sponsorship allows your non-commercial project to apply for funding from organizations that require non-profit status. This is required by many foundations, corporations and government agencies in order to be eligible for funding. 501(c)(3) status also allows you to receive charitable deductible contributions from individuals—a major incentive for those considering making a donation to your project. If you are interested in Three Dollar Bill Cinema being a fiscal sponsor for your film project, please contact us.