We're thrilled to announce that we've partnered with Film Independent as the fiscal sponsor for our upcoming feature film—THE YELLOW WALLPAPER.
Who is Film Independent?
As many of you know, Film Independent is one of the premiere organizations in independent film. Based in Los Angeles, Film Independent hosts the acclaimed Independent Spirit Awards, produces the LA Film Festival and supports filmmakers through robust Artist Development programs.
Film Independent's mission is to champion creative independence in visual storytelling and support a community of artists who embody diversity innovation and uniqueness of vision. Film Independent helps filmmakers make their movies, build an audience for their projects and work to diversify the film industry.
What is Fiscal Sponsorship?
Fiscal sponsorship is an arrangement between an existing 501(c)(3) nonprofit organization and an individual or entity lacking the legal status needed to receive grants from foundations, individual donors and government agencies. The fiscal sponsor agrees to provide administrative services and oversight to, and assume limited legal and financial responsibility for, the activities of groups or individuals engaged in work that furthers the fiscal sponsor’s mission, in this case, to champion creative independence in visual storytelling and support a community of artists who embody diversity, innovation and uniqueness of vision.
What does this mean?
The clearest, though not the only, benefit to participating in fiscal sponsorship is that individuals are able to access charitable funding for their project while forgoing the time consuming and expensive process of creating and running a 501(c)(3) organization themselves. This especially applies to independent filmmakers for whom setting up a nonprofit for a particular project is rarely necessary.
We're thrilled to being working with such an acclaimed organization. It will surely help raise the quality and opportunities for our project!
To learn more, please visit our project page for THE YELLOW WALLPAPER on the Film Independent's website.