Are you currently seeking funding for your film production? If so, Third World Newsreel can provide you some of the benefits of tax-exempt status. Read below to learn about our Fiscal Sponsorship program and how tax-exempt status can facilitate fund raising efforts.
In accordance with its mission, TWN serves as a fiscal sponsor of independent film and electronic media productions, as well as artistic, educational and cultural projects emphasizing social justice issues and the concerns and interests of people, groups, and nations often marginalized in mainstream media.
Camera News, Inc. dba Third World Newsreel (TWN) is a non-profit organization as determined by the IRS under code 501(c)(3) and a registered New York State Charity. Under the TWN Fiscal Sponsorship program, TWN acts as an umbrella agency for your project, allowing the project to share some of the benefits of non-profit status that include:
As a project?s umbrella agency, TWN is the recipient of any funds donated or granted to the project. TWN maintains the funds in an account for the project. Account funds are disbursed to the project director or her representative for the payment of legitimate project related expenses and services. As such, TWN is responsible for ensuring that funds are used for project purposes and used in accordance with donors? and grantees? intent. TWN can be the sole recipient of all project donations and grant funds or the recipient of only the funds associated with a specific grant. In either case, TWN will issue the necessary project related 1099?s in accordance with IRS guidelines.
The project director must account for expenditures by providing TWN receipts evidencing payment for project goods and services. TWN will also provide letters of thanks and acknowledgment to donors, and ensure project representatives complete any required donation or grant related reports, and issue any required 1099s for funds disbursed from TWN directly.
The Fiscal Sponsorship program does not provide any fund raising services, grant application services, or distribution services. Nor does acceptance into the Fiscal Sponsorship include TWN distribution of the finished product. TWN distribution requires a separate application, review, and approval. TWN does not have any ownership or rights in the production at any time, nor is TWN responsible for project content. The project?s producers and/or directors are responsible for the content.
TWN charges an administrative fee based on a sliding scale between 5%-7% of the project income (donations and grants) based on a contract with the project director. These amounts cover the expenses of TWN?s services to maintain an accounting of donations and grants, send acknowledgment letters to donors and grantees, reconcile project receipts with project cash disbursements, generate and file IRS 1099 forms, and other services TWN must perform as the umbrella agency for the project.
There is a $25 application fee for each project submitted for consideration for TWN Fiscal Sponsorship. This fee is waived for NYSCA individual artist applicants pending funding. Additional fees will be charged to individual projects for specific services such as messengers, mailings, cash advances, etc. Please note: no student projects are accepted.
You can download an application for Fiscal Sponsorship in Adobe PDF format. Requests for applications via US mail should be directed to:
Fiscal Sponsorship Program Third World Newsreel 545 8th Avenue, Suite 550 New York, New York 10018
Questions about the program and application status should be directed to email@example.com. Please, no phone calls, contact us via email.
This overview is not all inclusive, abbreviating the process and omitting some other steps or requirements that may be part of the process.