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FISCAL SPONSORSHIP:
• Program
Description
• Current
Fiscal Projects
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View
the application and FAQ on fiscal sponsorship
here.
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Here |
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Become
an IFP MN member and start taking advantage
of the benefits today!
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Here |
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The Apprentices: March 22 - May 10. Opening Reception: Saturday, March 22nd at 7:00pm
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Download
Fiscal Sponsorship Application Form
Many individuals, foundations, corporations or governmental
organizations restrict funding of independent projects
to tax-exempt organizations. To address this situation,
IFP MINNESOTA (an established tax-exempt public charity
under section 501(c)(3) of the Internal Revenue Code)
has created the IFP Minnesota Fiscal Sponsorship Program.
The Fiscal Sponsorship program at IFP Minnesota has been
designed to assist media artists who are members of IFP
MN seeking grants and/or contributions from sources which
require a federal exempt tax status, i.e., a non-profit
organizational status. For individual contributors, this
arrangement allows for charitable contribution deductions
on federal tax returns. Selected projects will be allowed
to use IFP Minnesota’s federal exempt tax status
to individuals under the following conditions:
•Applicant must be an Individual Level Member ($85/year)
of IFP MN in good standing;
•Applicant must currently reside in the State of
Minnesota, and establish proof of residency for the past
12 months.
•The project must be noncommercial in nature (see
further explanation below);
•The individual media artist must sign a contract
with IFP MN which states the artist guarantees grant monies
received will be used for the purpose intended; that artist
will be responsible for fines, return of grant monies,
etc. if grant is rescinded or the IRS questions the accounting
for the grant monies; and that artist will be responsible
for any final reports and accounting to the granting agency.
•Artist agrees to credit IFP MN on project being
served.
Once the IFP MN Fiscal Sponsorship Program accepts your
project, donors may make tax-deductible contributions
to IFP MN, requesting that the funds be applied toward
your project. IFP MN will make its various programs available
to you, monitor your project to ensure that the project
advances IFP MN's charitable and educational purposes
and disburse the contributions received, minus the fee.
You will be responsible for providing IFP MN with periodic
reports of the status of your project and the use of the
funds.
IFP MN does not control the content of the project and
is not connected, in any way, to the actual production
of your project. All right, title and interest in and
to the completed project belongs to the filmmaker allowing
them complete artistic and creative control.
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Upcoming
Events:
NEW! FRESH FILMMAKERS PRODUCTION GRANT Guidelines Now Available Online!
Deadline: August 19th, 2008
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2008 McKnight Screenwriting Fellowship finalists announced!
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2008 MNTV Call for Entries: Guidelines Now Available Online! Deadline: June 19th, 2008
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