Photo of recent pottery designs by Fiscally Sponsored Artist, Donald Ray

About Fiscal Sponsorship with Trillium Arts

Overview

Fiscal Sponsorship is a way to offer reliable financial services to artists. Many individuals, foundations, corporations or government organizations restrict funding to U.S. tax-exempt organizations. Trillium’s Fiscal Sponsorship program assists individual artists and temporary entities that lack 501(c)(3) tax status recognized by the U.S. Internal Revenue Service, by providing an opportunity for these individuals/projects to solicit contributions from grant-makers and individual donors.

Fiscal Sponsorship is a financial and legal system by which a legally recognized 501(c)(3) public charity (such as Trillium Arts) provides limited financial and legal oversight for a project/artist initiated independently by another entity that does not have its own 501(c)(3) status. Once sponsored in this way, the project/artist is eligible to solicit and receive grants and tax-deductible contributions that are normally available only to U.S. 501(c)(3) organizations.

Eligibility
The fiscal sponsorship program is a new program and under development. This service is only open to individual artists at this time. Trillium Arts can support 1-2 individual artists per year with Sponsorship services.

Benefits
The Trillium Arts fiscal sponsorship program offers many benefits, including:

  • Donors can make online donations by credit card

  • Donors can make automatic recurring monthly donations

  • Fund release checks are issued monthly at the sponsored entity's request

  • Regular reports are issued with your fund balance, donation and fund release history, donor contact information, etc.

  • Donors receive prompt acknowledgement of their contributions

Terms

  • The applicant is fully responsible for proper use of funds in accordance with the intent for which they were solicited (whether from a donor or a grantor). Failure to deliver on the intended use of funds is grounds for cancellation of our agreement and the applicant is responsible for any return of funds that may be required by the donor or grantor.

  • Trillium Arts deducts an administrative fee equal to 7% of each grant and donation contributed through fiscal sponsorship

  • Sponsored funds may only be used for charitable, non-commercial purposes

  • Sponsored entities agree to credit Trillium Arts on the project for which funds are solicited

  • Sponsored entities must submit an annual report by December 15 of each year

How to Apply for Fiscal Sponsorship

Please send a two page Letter of Interest to Phil Reynolds at phil@trilliumartsnc.org expressing your interest in the Fiscal Sponsorship Program. In your letter, please describe the project for which you are seeking financial support. Please also attach a resume or CV.
Letters of Interest are accepted on an ongoing basis; however, applications are subject to twice-yearly Board approval. Please contact us to determine the date of the next Board meeting.

Thank you for your interest!