What is Fiscal Sponsorship?
Many individuals, foundations, corporations, or government organizations restrict funding of independent projects to tax-exempt organizations. IFP’s Fiscal Sponsorship program is a legal and financial mechanism by which IFP, a 501(c)(3) non-profit organization, serves as a conduit for financial resources, and provides some support and oversight for independently produced film projects.
Projects Fiscally Sponsored by IFP are able to give donors the incentive of a charitable deduction for income tax purposes, a service individual filmmakers could not otherwise offer. It also enables filmmakers the ability to access to foundation and government grant funding that may only be accessible to non-profit organizations or fiscally sponsored projects.
IFP’s Fiscal Sponsorship program also offers financial, administrative, and mentorship services, competitive administrative fees, and the reliability of working with an established filmmaker support organization.
Why is IFP Fiscal Sponsorship Different?
IFP Fiscal Sponsorship is exclusively for creative, artistic and/or educational film, video and transmedia projects, giving filmmakers the benefit of our focused experience and reputation in the field.
Granting organizations carefully examine institutional factors before awarding grants including whether your project has community support.
IFP has been the leading resource of the American independent film movement for 31 years. Our history of working with quality, hard working independent filmmakers gives grantors additional confidence in our projects.
IFP’s Fiscal Sponsorship program accepts projects that are:
- – documentary films and other works of nonfiction;
- – low-budget fiction/narrative features (50 minutes+) that are either:
- – a) able to be fully financed by donations and grants alone (generally projects under $3million); or,
- – b) fundraising only for a discrete portion of the project’s budget (usually development)
- – short films (fiction, documentary, experimental);
- -transmedia/multi-media/VR/web-based projects with film/video/electronic media as a primary component of the work.