Fiscal Sponsorship

Many of our most talented artists and organizations are ineligible to receive grants and tax-deductible contributions because they lack 501(c)(3) nonprofit tax status. Becoming a 501(c)(3) nonprofit comes with a huge administrative burden, including bookkeeping, accounting, board development and management and more, which can be difficult for a short project, or even for a small, new arts organization.

That's where Triangle ArtWorks Model C Fiscal Sponsorship program comes in!

Development of our Fiscal Sponsor Program is a natural extension of the work that Triangle Artworks already does. Supporting artists and arts organizations as businesses, and helping them become financially sustainable, is at the core of our Mission. Therefore, we are uniquely positioned to develop and run this program.

Many fiscally sponsored projects need help with capacity building and connections. Triangle ArtWorks already offers professional development for arts administrators and organizations through its ArtSwell program. And although a Model C program can not advise or direct the work of the Sponsored Project, we can certainly help connect you to resources and contacts in the area that can help them grow.

Generally, a fiscal sponsor is a nonprofit organization that provides can provide a range of support, including fiduciary oversight, financial management, and other administrative services to help build capacity, and make fundraising easier, for charitable projects and organizations. Under Triangle ArtWorks Model C Sponsorship program, when your project becomes sponsored, you do the creative work to achieve your mission, and Triangle ArtWorks Fiscal Sponsorship program provides limited bookkeeping support, while also assuring the IRS that all donated money is spent for the intended charitable project.