posted this on February 24, 2012 12:03
What is Fiscal Sponsorship?
Fiscal Sponsorship is a financial and legal system by which a legally recognized 501(c)(3) public charity provides limited financial and legal oversight for an Indiegogo campaign initiated independently by an artist. That "campaign" might be a one-time project or an independent artist or even an arts organization that does not have its own 501(c)(3) status. Once sponsored in this way, the campaign is eligible to solicit and receive grants and tax-deductible contributions that are normally available only to 501(c)(3) organizations.
In other words, fiscal sponsor organizations manage grants and tax deductions for individual artists. This allows the artist to spend more time making art and less time filing paperwork. Indiegogo has partnered with a number of fiscal sponsor organizations to offer fee discounts and promotional benefits to our campaigners. Fiscal Sponsor Partners manage all payments for their affiliated Indiegogo Campaigns and are also responsible for disbursing funds to campaign owners.
Which fiscal sponsors does Indiegogo work with?
Indiegogo has partnered with many fiscal sponsor organizations to provide both services for one flat fee. A few of our fiscal sponsor partners include:
How do I join one of Indiegogo's fiscal sponsor organizations?
Simply contact the Fiscal Sponsor you are interested in joining and let them know you would like to be part of their Indiegogo Partner Page. We have some additional articles on some of our Partners you can refer to as well. Check out the article pertaining to the organization that you are interested in joining: http://support.indiegogo.com/forums/20571133-fiscal-sponsorship-partners
Do I have to join one of these organizations to add fiscal sponsorship to my campaign?
No, you can have any fiscal sponsor manage your campaign. If you use your own fiscal sponsor, however, you won't get the fee or visibility benefits that we offer to campaigns connected to our partner organizations. To learn more about how to add your own fiscal sponsor to your campaign, see: How to Raise Funds for a 501(c)(3) Nonprofit
Do I need a fiscal sponsor to offer tax deductions on contributions?
No. If your organization is already a 501(c)(3) non-profit (registered in the United States), you can offer tax deductions on contributions. Click hear to learn about how to set up your campaign for tax deductions: How to Raise Funds for a 501(c)(3) Nonprofit
Does Indiegogo offer discounts for campaigns fiscally sponsored by a nonprofit?