Frequently Asked Questions: Fiscal Sponsorship
- Getting Started
- The Application Process
- Donations
- Using Funds
- Accounting and Banking
- Reporting Requirements
- Miscellaneous
- Applying for Grants
- Getting Started
- What is Fiscal Sponsorship?
- What's the difference between FA membership and fiscal sponsorship?
- Are there any fees associated with FS?
- Am I required to do anything to keep my fiscal sponsorship?
- How long does my fiscal sponsorship stay active?
- What happens if I don't raise enough money to produce my project ? do you give the money back to my donors or can I have it?
- Can a foreign artist or arts organization participate in your fiscal sponsorship program?
- Is your fiscal sponsorship program exclusive?
- The Application Process
- What kind of information do I need to complete your fiscal sponsorship application?
- What do you mean by a "legal entity" associated with the fund?
- Why is money disbursed from my fund considered taxable income by the IRS?
- How do I file a tax return for the money you disbursed to me?
- Can I change the legal entity responsible for the fund?
- How long does it take to get sponsored?
- Should I apply for fiscal sponsorship for my project or my organization?
- What if I want to change my sponsored project?
- Can I change my project name after I get sponsored?
- What kind of projects do you sponsor?
- Can I have multiple projects fiscally sponsored?
- What percentage of fiscal sponsorship applications do you approve?
- For those applications that are turned down, what are the reasons they're turned down?
- Donations
- Does Fractured Atlas help me raise money for my fund?
- Can I accept donations before I'm officially approved for sponsorship?
- How do you process donations made by check?
- How do people donate online by credit card?
- What happens if a donation check bounces?
- What happens if a donation made via credit card is disputed by the donor?
- Do you ever refund donations?
- Can you accept donations of stock, bonds or other cash equivalents?
- Can you accept donations in the form of actual currency?
- What is a "noncash" donation ? is it the same as an "inkind" donation?
- Does Fiscal Sponsorship provide eligibility to receive matching gifts from corporations?
- What are the IRS restrictions regarding the tax deductibility of donations?
- What kind of information can I get about my fund & donors?
- Using Funds
- How do I pay for my expenses?
- How long does it take to get money out of my fund?
- How long do I have to wait before my funds are available?
- If I have to return a fund release check to my fund, do you refund the 6% administrative fee?
- What if someone loses or doesn't receive a check that you sent them from my fund?
- What happens to the unused money in my sponsored fund if I terminate my membership?
- Why do I have to ask you for my money and list a reason for the expense in the fund release request form? Can't you just give me my money every time a donation is received?
- Accounting and Banking
- Reporting Requirements
- Miscellaneous
- Where do the online descriptions of sponsored projects come from and can they be edited?
- Can I get nonprofit rates from vendors if I am fiscally sponsored?
- What are the limitations of fiscal sponsorship?
- I still have more questions? Where can I find/who do I contact to obtain more detailed information about the program?
- Who owns the art work I create while fiscally sponsored?
- Applying for Grants
- Are there any fees to apply for grants?
- Can I apply for a grant immediately after I receive sponsorship?
- Can I apply for one of the FA development grants to cover for the $1000 minimum I need to raise to start applying for grants?
- Can I just apply for grants on my own once I'm sponsored, or do I need to work with Fractured Atlas staff?
- Why doesn't Fractured Atlas allow me to apply for certain grants?

