TL;DR: We can accept tax-deductible donations now through our fiscal sponsor, Fractured Atlas. There are rules and regulations we have to follow, of course—but you don’t have to worry about those unless you’re directly helping with fundraising planning/outreach. For the rest of y’all this is just positive news, a happy birdsong!
You may have heard that we recently secured fiscal sponsorship with Fractured Atlas, a national arts services organization with a well-established fiscal sponsorship program.
“What’s fiscal sponsorship,” you ask?
Take it away, Wikipedia:
“Fiscal sponsorship refers to the practice of non-profit organizations offering their legal and tax-exempt status to groups—typically projects—engaged in activities related to the sponsoring organization’s mission. It typically involves a fee-based contractual arrangement between a project and an established non-profit.”
In other words, with Fractured Atlas as our fiscal sponsor we can accept tax-deductible donations, which will greatly expand our potential fundraising efforts and their efficacy. If in the future we decide to seek our own 501(c)3 tax-exempt status, we would no longer need a fiscal sponsor, but we can stick to fiscal sponsorship for as long as we like—as long as we follow Fractured Atlas’ rules.
Stay tuned for news about our fundraising plans and how you can lend a hand daintily and efficiently if you so wish. Until then, feel free to peruse the following links to learn a bit more about Fractured Atlas and the specifics of our fiscal sponsorship:
- FA’s “About Fiscal Sponsorship” page
- FA’s complete Fiscal Sponsorship policies Knowledgebase
- About Artful.ly, FA’s contact relationship management (CRM) and event ticketing system, which some managing and outreach staff will use in tandem with our own tools.