We have several convenient and easy ways to contribute. For larger contributions it makes sense to get yourself a tax deduction through fiscal sponsorship. We are working with several non-profits engaged in the issues presented in the film who have agreed to serve as our fiscal sponsors.
Any individual interested in contributing to this project may
contact Hunter or Darren directly at Coldstream Creative.
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Fiscal Sponsorship
In the simplest terms, "Fiscal Sponsorship" is one entity accepting and managing funds for another.
In the film industry, Fiscal Sponsorship is used primarily when a non-profit film/video project or event wants to secure funding from foundation, government, corporate or private sources that give only to nonprofit organizations with IRS tax-exempt status. To be considered exempt, an organization must hold a current 501(c)(3) certificate from the IRS. Any donations are then tax-deductible to the fullest extent allowed by law.
Rather than attempt to secure tax-exempt status for a film/video project or production company (a lengthy, involved and costly process), individual filmmakers may contract with a fiscal sponsor to extend tax-exempt status to that specific project.
A fiscal sponsor collects all funds for a project, redistributes the funds as necessary, keeps a separate ledger for all funds accepted for the individual's project, and makes records of such transactions available to those who might require it. They maintain these records in the form of account status reports and other disclosures required by grant guidelines and/or federal law.
According to standard principals and law, projects contracted with a fiscal sponsor must be consistent with the fiscal sponsor's charitable purposes.
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