Last Wednesday, I attended a meeting to which two filmmakers were invited. Michael Ricucci, Executive Director of Terra Rising Records and filmmaker Chris Greco were traveling across the country to film the documentary Universal MusiCARE: The Music Therapy Experience. They just happened to be in town to shoot the piece with the music therapist at Hochstein School of Music & Dance.
When asked about underwriting for the film, Michael explained that he had funded it himself, rather than relying on grants, since his company is not a non-profit . He’d discovered how time-consuming and cost-intensive becoming a non-profit can be, and he was anxious to move forward on his film rather than spend the time acquiring 501(c)(3) status.
This is a problem many creatives run into when trying to raise funds for their project. But there is an answer! The solution is to seek a non-profit organization that will act as the fiscal sponsor for your project, thereby endowing your project or company with non-profit status for an agreed-upon amount of time.
Check out our article “Fiscal Sponsorship: What’s It All About” for information about securing this type of partnership, insights on how to find a fiscal sponsor and resources that can lead you to the right organization with which to partner.
by Carol White Llewellyn