Artists and arts organizations find it challenging to access funding from private foundations, government agencies, and other funders who restrict grants to tax-exempt organizations.
The Glendale Arts Fiscal Sponsorship Program broadens the number of opportunities artist or arts organization can pursue for funding and provides limited technical and financial assistance for a project. However, under this program Glendale Arts is not responsible for researching potential grants and other funding opportunities on behalf of a sponsored project unless otherwise agreed to in the Fiscal Sponsorship Agreement.
As a Fiscal Sponsor, Glendale Arts acts as an umbrella organization for a project and accepts and administers funds that are earmarked for the project. In this role, Glendale Arts is legally responsible for the funds received on behalf of the project and must insure that the funds are used properly for charitable purposes and that all donor reporting requirements are met. Glendale Arts is required by law to confirm the charitable nature of the project and to not simply serve as a passive conduit for funding to an artist or nonexempt organization. The misuse of fiscal sponsorship funds can result in the loss of Glendale Arts’ public charity status.
The Glendale Arts Fiscal Sponsorship Program adheres to all Internal Revenue Service regulations and is governed by an agreement stating the relationship between Glendale Arts and the sponsored artist(s) and/or organization(s).