Are you an individual artist looking for a way to accept tax-deductible donations for your project? Are you part of a new nonprofit cultural organization waiting for your 501(c)(3) to come through but want to get started fundraising? BAC Arts+ Innovation Incubator is designed to support and incubate new and emerging projects and ideas.
The Arts+ Innovation Incubator is a fiscal sponsorship program that allows individuals and emerging organizations without 501(c)(3) status to raise funds for nonprofit activities through tax-deductible, charitable contributions from individuals as well as foundations, corporations, and government agencies. Activities are considered nonprofit in nature when they are undertaken for the greater good of the public and community, rather than for the financial benefit of individuals or shareholders.
Please note, fiscal sponsorship is NOT a grant program. It is a tool for you to use as part of your own fundraising efforts. So you still have to go out and find the money; fiscal sponsorship just allows you to offer donors a way to contribute that is tax-deductible.
Learn more about the fiscal sponsorship field.
The Arts+ Innovation Incubator is designed to support individuals and emerging organizations with arts and culture projects with strong artistic merit.
Projects and emerging organizations must have a minimum budget of $5,000. Student projects are not eligible.
There are a number of other fiscal sponsors. Here are some of the reasons people choose BAC:
Applications are accepted on a quarterly basis. Application deadlines are as follows: March 30th, June 30th, September 30th, and December 31st. All applications will be reviewed within two weeks of each deadline by an internal panel of BAC staff members. Applicants will then be notified of the panel’s decision within two weeks of the panel review.
To apply for fiscal sponsorship, you will need to complete the online Fiscal Sponsorship Application Form (above, right) and submit it electronically.
Each member of the Arts+ Innovation Incubator program is expected to submit a final report 30 days before the end of their contract period.
The report must be completed both for those renewing and not renewing sponsorship.Read More