Q: Why does the Fiscal Sponsorship Program have an application process?
A: Because FC is responsible for monitoring the funds of all of its fiscally sponsored projects, we must insure project activities are conducted according to IRS regulations and must provide fiscal oversight of the project and the contributions received. This is accomplished through an application process, internal procedures regarding grants, and a sponsorship agreement between FC and the project to govern the relationship.

Q: How are in-kind contributions handled?
A: In-kind contributions are welcomed; however the IRS does not allow tax deductions for individuals donating goods or services to a 501c3 project. Filmmakers must keep track of in-kind donations for FC’s annual audit.

Q: Do FC filmmakers have to live in Massachusetts?
A: No. FC offers two types of sponsorship. The first is an active membership in the Collaborative, which allows the opportunity for filmmakers to attend meetings and network locally with other members. The second is fiscal sponsorship only, for filmmakers who don’t want to be an active member of FC or who don’t live in the Greater Boston area.