Fiscal Sponsorship

Many foundations and large donors require grant applicants to be 501(c)(3) nonprofits, and unfortunately, obtaining this status is time-consuming and labor-intensive. This process is especially frustrating for independent artists searching for funding to complete their projects in a timely manner.

Luckily, Create Reel Change offers artist support with an alternative program: fiscal sponsorship. Artists and filmmakers in need of funding can apply to our fiscal sponsorship program online and approved non-commercial film projects are eligible to use CRC’s nonprofit status, rather than establishing their own.

All donations made to projects fiscally sponsored by Create Reel Change are 100% tax-deductible, and filmmaker recipients are awarded 94% of each of their donations. Create Reel Change retains 6% of each donation to cover administrative costs. Best of all, the fiscal sponsorship program also allows Create Reel Change to support artists and projects worldwide!

Scroll below for all the ins and outs of fiscal sponsorship.

To donate to any of the film/projects, please send a check to:
Create Reel Change
536 E 4050 S, APT 4E
Salt Lake City UT 84107

Include the name of the film/project in the memo line. For questions, contact us (info@createreelchange.org) at 617 697 0051

CREATE REEL CHANGE Fiscal Sponsorship Projects

 

Please complete the form below

Name *
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Fiscal Sponsorship Program Details

CREATE REEL CHANGE FISCAL SPONSORSHIP PROGRAM
The Fiscal Sponsorship program is an important component of Create Reel Change and its mission. All projects accepted must fit within the mission of Create Reel Change:

Mission Statement: The ultimate goal of the Create Reel Change programs, workshops and presentations is to educate and promote awareness of marginalized community issues.

WHAT IS FISCAL SPONSORSHIP?
Fiscal sponsorship is a fundraising tool, an alternative to establishing your own 501(c)(3) nonprofit organization. It broadens your opportunities of pursuing funding for your non-commercial film project by allowing your project to apply for funding from organizations that require non-profit status.

WHY WOULD I WANT FISCAL SPONSORSHIP?
Essentially, unless you establish your own nonprofit (which some people find difficult, time consuming and costly), you are not eligible for some grants from some donors. Our fiscal sponsorship program makes your film project eligible for these donors. Also, you get to keep your own business as a “for profit” LLC or otherwise.

WHO MIGHT REQUIRE NON-PROFIT STATUS FOR MY PROJECT?
Many foundations, corporations and government agencies require
non-profit tax exempt status as part of their eligibility criteria.

CAN FRIENDS DONATE TO MY PROJECT AS WELL?
In addition to foundations, corporations, and government agencies, fiscal sponsorship also allows you to receive charitable contributions from individuals. Your project may be more appealing to donors if they know they can get a tax donation receipt.

DOES CREATE REEL CHANGE HELP ME RAISE MONEY FOR MY PROJECT?
No. You assume all responsibility for generating any grant proposals, applications, and all other aspects of fund raising for your project.

HOW DOES IT WORK?
If your project is accepted, an administrative charge of six percent (6.0%) of all amounts paid to the filmmaker shall be deducted by Create Reel Change to defray its costs of administering the fund and the grants. Additional charges incurred by Create Reel Change also may be deducted from disbursements to the filmmaker. So you send donation checks to Create Reel Change, who returns 94% of this in a check to your production company. Create Reel Change also will deduct any additional costs for wire transfers, banking charges, credit card transaction fees, online donation processing or other such costs. Once the donation has been processed, we will send a donation acknowledgment to the donor.

Keep in mind we will keep $6 for every $100 collected, so you might want to make the tax deductible offer to donations of $500 or more, because for less than that, logistically and financially it can be more complicated for both parties than it is worth.

WILL IT AFFECT MY TAXES?
We will issue a 1099 for the full amount to your production company. You are responsible for reporting your own income, expenses, deductions, etc. Create Reel Change does not offer any accounting service for your tax returns.

CAN I TELL PEOPLE CREATE REEL CHANGE IS MY FISCAL SPONSOR?
Once we have the agreements signed by BOTH parties, then you may note Create Reel Change as your Fiscal Sponsor whenever you think it may be helpful to you.

IS THERE A DEADLINE TO APPLY?
Create Reel Change accepts fiscal sponsorship applications on a rolling basis. You may submit your application for review at any time.

HOW LONG DOES APPROVAL TAKE?
If approved, we will inform you within 4-6 weeks.

WHO OWNS THE RIGHTS AND ASSUMES RESPONSIBILITY TO MY PROJECT?
Create Reel Change will not infringe on your creative control of your project, nor do we assume any ownership of the rights. You assume all responsibility and liability arising from or relating to the use, sale or other disposition of your project.

HOW DO I APPLY
Fill in the form above.

Donations 
To donate to any of the film/projects, please send a check to:
Create Reel Change
536e 4050s, 4E
Salt Lake City, UT 84107

Include the name of the film/project in the memo line. For questions, contact us at info@createreelchange.org