What if I want to raise funds to support another charity?
The best use of our fiscal sponsorship program is to raise funds that will be spent on the art you make or the creative services that you provide. Using fiscal sponsorship to raise funds to help out another 501(c)(3) organization, while a generous idea, is an inefficient way to support a charitable cause that you hold dear.
If you'd like to use your work as an artist to raise funds or awareness for another nonprofit, we encourage you to partner with that charity so that you can instruct donors to make a direct contribution to support their mission. Again, only funds that are intended to support your own work should be donated to Fractured Atlas.
There are a couple reasons for this:
- Fractured Atlas deducts an administrative fee from donations that we process for the purposes of our fiscally-sponsored projects. The nonprofit that you want to support will receive 100% of a donation that is made payable to them directly.
- Our typical fund release process will direct deposit funds into your project's checking account, but we can only disburse donated funds to a nonprofit via check payment. Since issuing a check is an exception to our typical payment process, it will take longer to arrange for printing and mailing a check.
That said: while we prohibit fiscally-sponsored projects from granting funds to another individual or business entity, we do not prohibit projects from donating a portion of their raised funds to a 501(c)(3) organization. If you absolutely must take this route, here are some things to keep in mind.
- We will require that you provide us with a copy of the recipient organization's IRS determination letter demonstrating their nonprofit status.
- We will charge a $15 fee for issuing checks.
- We will pay for standard postage on mailing the check. If you require certified mail or expedited delivery, we will pass the fee for this along to your project.
- If a check is lost in the mail, we incur a $50 fee to stop payment, which will also be passed along to your project.