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FISCAL SPONSORSHIP FOR INDEPENDENT FILMS
The Hollywood Theatre is a 501(c)(3) nonprofit offering fiscal sponsorship to approved Oregon-based film projects that both support the Hollywood’s mission and are actively seeking project funding. The Hollywood has been fiscally sponsoring a variety of film projects since 2003, helping established and emerging filmmakers create new, thoughtful works for the silver screen. The Hollywood also partners with film festivals and other educational programs to support their work.
Definition of Fiscal Sponsorship
Fiscal sponsorship is a formal financial and legal arrangement in which a 501(c)(3) public charity establishes a pre-approved grant relationship with groups engaged in activities that further its mission. Through this arrangement, the legal and tax-exempt status of the nonprofit is made available to the approved project for fundraising purposes, allowing the producers of the approved project to widen potential funding sources to include grants and donations available to nonprofit entities without starting their own nonprofit.
Benefits of the Hollywood’s Fiscal Sponsorship Program
Upon acceptance of fiscal sponsorship by the Hollywood, producers for the project may apply for grants available to nonprofit entities and solicit tax-deductible donations using the Hollywood’s umbrella. Note: Funds may not be solicited from sources where the Hollywood Theatre has other proposals pending without the Hollywood Theatre’s express approval. This additional fundraising ability opens doors to a multitude of granting opportunities, as well as providing an avenue for soliciting donations from individuals who may be persuaded to give substantial funds in exchange for a tax-deductible donation receipt.
As a Fiscal Sponsor, the Hollywood does not take any ownership of the project, nor infringe on creative control, copyright, or in any way prevent future sales or profit from the project once the fiscal sponsorship has concluded. The Hollywood seeks to be as non-intrusive as possible in monitoring projects, while assuring that the money raised is being properly disbursed and used for the project as intended. Sponsored projects are treated as separate legal entities that are responsible for their own tax returns, employment taxes, insurance, debts, liabilities and other legal obligations.
The Hollywood Theatre staff delivers more than 30 years of combined experience in the independent film sector. Throughout project development, staff is available to discuss fundraising and film distribution strategies. The Hollywood will advise on proper use of non-profit funds and on reporting requirements for granting organizations. Additionally, staff is available to provide feedback on a rough-cut of the film.
Access to the Historic Hollywood Theatre
All Sponsored Projects have free access to the Hollywood Theatre for 2 events, including:
1) a fundraiser, casting call, or other development event, and
2) the premiere of the finished film.
*Film Festivals and other approved non-production related film projects receive one free event per year.
Deadlines and Notifications
The Hollywood Theatre accepts Sponsorship applications on a rolling basis and projects may be submitted for review at any time. Producers are strongly encouraged to contact the Hollywood prior to submitting an application to clarify any questions about the application process or project eligibility.
If you have additional questions, please contact Doug Whyte at doug [at] hollywoodtheatre.org