Fiscal Sponsorship + Crowdfunding = $$ for Creative Projects
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Fiscal sponsorship is a formal arrangement in which non-exempt charitable and creative projects can qualify for more funding opportunities, like grants and tax-deductible contributions, by using the 501c3 status of an organization with a related mission.
Explore the benefits and use of Fractured Atlas’s fiscal sponsorship program as a fundraising tool. The program will include:
- an overview of fiscal sponsorship
- how to apply to Fractured Atlas's program
- how to use the tools within the program
- an introduction to fundraising
This session will also cover crowdfunding, an online and social fundraising method where you ask a large number of people to donate money, often in small amounts and over a short period of time. Learn about the benefits and features of popular crowdfunding sites, like IndieGoGo, Kickstarter, and RocketHub, and how these resources can be used with fiscal sponsorship to raise funds for your creative project.
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This video is a recording of a live event at Foundation Center West.
How does fiscal sponsorship work?
Many artists have questions about the legal aspects of fiscal sponsorship. Dianne discusses the ins-and-outs of fiscal sponsorship arrangements with Fractured Atlas.
Types of donations
Fractured Atlas manages donations made to creative projects by individual and organizational donors. Dianne discusses how donations are administered to projects and what is expected of artists raising money through Fractured Atlas’ fiscal sponsorship program.
There’s more to fiscal sponsorship than just the financial administration aspect. Find out about all the benefits offered by Fractured Atlas' fiscal sponsorship program.
Fractured Atlas has a customer relations management tool called Artfully that individual artists can take advantage of as a fiscally sponsored project.
The background and benefits of crowdfunding for creative projects are discussed by Theresa.
Planning Your Campaign
What makes a good campaign and how to plan for it are discussed. Goals should be based on what you need for the project and include enough to cover donation incentives as well as shipping.
A lot of people think that if you build it, they will come, but crowdfunding isn’t a field of dreams. Theresa discusses some tips to help make a crowdfunding campaign more successful, including setting a timeline, deciding when to launch your campaign, and setting realistic goals.
Perhaps one of the most important aspects of running a crowdfunding campaign is promoting it to your social network. Do you have a social network in place to help push your campaign? How can you mobilize that network to raise money for you? If most of your friends are on Twitter, Facebook probably isn’t the best vehicle to use for promotion.
Some common misconceptions about crowdfunding are shared as well as ideas on how to avoid the pitfalls.
About the Presenters
Dianne Debicella, Senior Program Director, Fiscal Sponsorship, Fractured Atlas
Dianne helps over 3,600 sponsored artists and emerging organizations, representing all artistic disciplines, find funding and other resources to support their work. Since 2006, she has led the program to become one of the largest, most renowned art fiscal sponsorship programs in the country with an annual budget of $20 million. Dianne is the co-founder of Brooklyn Community Supported Art + Design (CSA+D) and serves on the steering committee of the National Network of Fiscal Sponsors. She received her B.F.A. from Massachusetts College of Art and her M.P.A. from Pratt Institute's Arts and Cultural Management program.
Theresa Hubbard, Program Specialist, Fiscal Sponsorship, Fractured Atlas
Theresa holds a Bachelor of Music degree from Syracuse University in Voice Performance. After graduating in 2009, she completed internships with the National Symphony Orchestra at The John F. Kennedy Center for the Performing Arts and with the Weill Music Institute at Carnegie Hall. Outside of the office, she keeps active in the New York choral community while singing with The Oratorio Society of New York and The Choral Society. In her free time, she enjoys reading, baking, and playing with her puppy.