Sometimes artists or arts lovers have a great idea, but they don’t have the ability to raise funds that donors can claim as tax-deductible contributions. This can be for anything, from outfitting an Artmobile to saving an historic theatre, from creating a summer dance festival to arranging a cultural exchange. The possibilities are endless, but the funding too often isn’t. That’s why having an organization like PCA that offers a fiscal sponsorship program can make all the difference between success and anear-miss.
Because PCA is a 501(c)(3) not-for-profit entity, we can tuck your dream under our umbrella. Bring us your proposal and chances are good that we’ll like it (and if we don’t, we’ll tell you what you need to do to fix it). Through a simple contract agreement, we can offer donors full tax-deductible recognition of their gifts, because we collect and deposit the funds, then pay them out later for you to pay your expenses. In exchange, PCA takes 5% of the gross proceeds. At the end of the year, we provide you with the paperwork you need to file your taxes, fully accounted.
Becoming your own not-for-profit entity is involved, expensive, and takes up a lot of time. That’s why fiscal sponsorship is a great alternative, whether your project is short-term or you’re getting a new organization off the ground.