Raise Money For Your Next Film - Accept Tax-Deductible Donations
The Colorado Film Institute Fiscal Sponsorship (The Colorado Film Institute acts as a nonprofit umbrella to help you raise funds for your film or video project) offers independent filmmakers based anywhere in the U.S. the opportunity to raise funds for their film or video project through our nonprofit organization, thereby allowing the filmmaker to accept donated, tax-deductible funds for their film project in the form of donations.
Fiscal sponsorship with the Colorado Film Institute enables filmmakers the opportunity to have donors give tax-deductible funds to a film or video project, and the donated funds are channeled through the Colorado Film Institute, a 501(c)3 nonprofit organization established in 2004. Through this method, filmmakers can offer 100% tax-deductible donations to patrons. Filmmakers can also use this funding method on crowdsourcing platforms such as Kickstarter and Indiegogo, as long as the funds are donated directly to the Colorado Film Institute, acting as the fiscal agent for the project. All rights, title, and interest to the project belong to the filmmaker, the Colorado Film Institute is only serving as a fiscal umbrella for the project.
This fundraising model is great for filmmakers who want to raise funds to make their film, but who don't intend to distribute their film for profit. Films in this area would usually include short films, experimental films, music videos, documentaries, and select feature films where the goal is to have the film seen but not to make a profit from the distribution of the film, unless those profits go towards a charitable cause or are used towards funding another non-commercial project.
How it works
Donors and foundations give directly to the Colorado Film Institute, indicating that the funds are in support of your project. The Colorado Film Institute takes an 8% fiscal agent fee and writes a check to you for the balance of the funds and the donor or granting organization gets a tax write-off. Funds are accounted for at the end of each month and if you've received any donations for your project, you receive a check from the Colorado Film Institute. At the end of the year, the Colorado Film Institute sends you a 1099 form. The Colorado Film Institute was formed in 2004 to foster and support independent filmmakers, and fiscal sponsorship is one way in which we are able to offer support to the independent filmmaking community.
APPLICATION FOR FISCAL SPONSORSHIP (TO USE COLORADO FILM INSTITUTE AS A NONPROFIT UMBRELLA TO RAISE FUNDS FOR YOUR PROJECT)