What is a Fiscal Sponsor?
A Fiscal Sponsor is a non-profit organization with 501(c)(3) tax-exempt status from the Internal Revenue Service that acts as a guardian of grants and donations for a Project that does not have 501(c)(3) designation.
A Fiscal Sponsor is necessary for one good reason: funders rarely (if ever) make donations to anyone without 501(c)(3) status. That’s because tax-exempt status, like incorporation, bylaws and other formal designations, inspires confidence in potential donors and funders. It demonstrates that the organization has a legitimate charitable purpose, has a structure for accomplishing its goals, and is accountable to the public.
We are proud to have Fractured Atlas as our Fiscal Sponsor in the donation process while our 501(c)3 status is pending.
Who is Fractured Atlas?
Fractured Atlas is a non-profit organization that serves a national community of artists and arts organizations. They help artists and arts organizations function more effectively as businesses by providing access to funding, healthcare, education,.
