Financing / Crowdfunding : Fiscal Sponsorship by Larnette Phillips

Larnette Phillips

Fiscal Sponsorship

For those who need financial backing to get a film up and running, it's a good idea to find a fiscal sponsor. They can make great strides for you in getting you the funding you need

Richard "RB" Botto

Expand on this a little, Larnette.

Larnette Phillips

Hi. There are organizations out there who offer fiscal sponsorship; in other words they act as your fiscal sponsor and enable the filmmaker to obtain funding that is tax deductible. One such organization that I know of is From the Heart Productions. I was actually told about it by someone in the film business who got their funding that way. Hope this helps

Richard "RB" Botto

I was asking for the good of the community, L! Appreciate you explaining a bit further. Thanks!

D Marcus

Sounds like a good idea. Do you know of any other fiscal sponsors filmmakers can contact? How many sponsors like From the Heart are there?

Larnette Phillips

I don't know of any other sponsors. As I understand what fiscal sponsors do, in some instances, they will financially back you and then of course, because they are a not-for-profit raising funds for your project then becomes tax deductible (not sure if the donations go through fiscal sponsors or not). I think (also) that fiscal sponsors depend upon the type of project so I would google it and type in "Fiscal Sponsors + the type of film project you do (i.e., documentary, etc.). Let me know if this is helpful.

Kay Luke

No, It's not. It's naive. Best of luck to you.

Larnette Phillips

I only know what other filmmakers that I've met have done; some have been very successful with fiscal sponsorship. I don't need to use it so I can't personally say but again, only know what other successful filmmakers did.

D Marcus

That's great! What filmmakers have you met that have been successful with fiscal sponsorship? Can we see the films they made?

Scot Byrd

I used to do some work in non-profits. Maybe things have changed but what I recall is that non-profits i.e. 501c3 organizations are prevented by law from contributing to individuals. Grants and Fellowships to artists and filmmakers - that's another story. Think especially documentary filmmakers.

Larnette Phillips

For clarification purposes, my friend that used fiscal sponsorship is a filmmaker with his own company. His focus is documentaries. I have a friend who is an actress who has worked in films where the producers/directors behind those films used fiscal sponsorship as a tool to gaining the funding they need.

D Marcus

Can you point us to any of the films your friends have produced (or worked in) that used fiscal sponsorship as a tool to gaining the funding they need. I love success stories!

Larnette Phillips

Hi. I will ask my actress friend for names of some of the films where the companies used the sponsorship. Also, will ask my filmmaker friend but he's famous and always gets overwhelmed with offers once somebody finds out why he's so successful. Out of respect for his privacy, I will ask if I can release any info.

D Marcus

I take from your silence that your filmmaker friend has refused your request to tell us the names of the films he has produced. That's too bad. You offer such helpful advice yet cannot offer any examples to help us. I'm alway sad when successful filmmakers do not want to even tell other filmmakers the names of the films they have made.

Larnette Phillips

My actress friend who has been in films with sponsorship is gathering that info for me; she is very busy. My filmmaker friend is out of country filming in remote area without access to internet/e-mail. He always contacts me. He has been out of country for almost a year.

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