FISCAL SPONSORSHIP PROGRAM

WHAT IS FISCAL SPONSORSHIP?
In response to the limited opportunities for artists and groups to secure grant or sponsorship funding, VAE has created a fiscal sponsorship program that allows those individuals and groups to pitch ideas to be housed under VAE's 501(c)3 non-profit status. This program allows for artists to be more proactive in how they fundraise for their ideas, and all donations they secure are tax-deductible to the fullest extent allowed by law.

As a fiscal sponsor, VAE collects all funds for a project, disburses the funds as necessary, sends tax-deductible donation letters, collect and distribute IRS documentation, and provides consultation to sponsored projects.  A 10% fee is collected to cover these administrative cost.

YOUR RESPONSIBILITIES

  • Lead a project that aligns with VAE's mission
  • Track of all expenses connected with the project and submit Disbursement Request Forms
  • Submit a progress report on December 1 and June 1 each year a project is sponsored
  • Spend funds administered to you through VAE only for the project and in accordance with the budget submitted to VAE
  • Comply with restrictions and requirements imposed on VAE by donors and with government requirements regarding information returns
  • Provide a final project report to VAE
  • Acknowledge partnership with VAE in publicity and outreach materials

VAE PROVIDES

  • Manage donations to your project under its 501(c)(3) tax status
  • Disburse funds to you on behalf of your project and provide information upon request about your account balance
  • Provide you with a best-practices handbook, donation form, page on our website, and donation graphics
  • Collection and distribute IRS documentation for your payment recipients
  • Send tax-deductible donation letters to your supporters
  • Provide appropriate VAE documentation needed for your grant applications
  • Make our resources available to you as much as possible. Including: space, institutional knowledge, the knowledge of our board, and our community connections

APPLICATION PROCESS
The application is completely online and will prompt you to provide:

  • Contact information
  • Project Details (project type, estimated budget, timeline, and description)
  • Project Prospectus
  • Work Samples
  • Budget (Projected Balanced
  • $25 application fee

Applications are reviewed on a rolling status.
Have additional questions? Contact Brandon Cordrey, 919.256.6856