Fiscal Sponsorships
At New Performance Traditions, we offer fiscal sponsorships to selected artists and unincorporated organizations whose projects align with our mission. This provides essential support for artists to secure grants and tax-deductible donations that require a fiscal sponsor. In addition to providing the legal framework for receiving grants and donations, we also offer mentoring services to guide your project to success.
We understand a wide range of possible needs in a fiscal sponsorship relationship. While we outline the three typical tiers of support we provide, we are open to adjusting these to the needs of your particular project.
We offer three levels of fiscal sponsorship to suit different needs.
Basic Package (5% administrative fee)
This package includes your project’s essential financial management services. Our team will receive and distribute funds to your or your project’s bank account, issue acknowledgment letters to donors, and ensure compliance with all granting organization requirements. We can also manage limited payments to contracted artists, provide 1099 forms, and provide a modest amount of consultation hours. (This package is often referred to as “Model C.” )
Standard Package (8% administrative fee)
In addition to everything in the Basic Package, this option offers enhanced support. Our team will assist in reviewing grant narratives and budgets, manage your project’s income and expenditures, and provide help with grant reporting. We will also sign venue rental contracts (as negotiated by fiscally-sponsored artists), secure or provide required liability insurance, and offer access to affordable studio rentals. (This package is often also referred to as “Model C.”)
Co-Producing Partnership Package (10% administrative fee)
This comprehensive package is ideal for projects producing multiple productions yearly. It includes all the previous packages’ services, including full administrative support for payments to contracted artists, technical crews, and more. Essentially, New Performance Traditions will function as your project’s administrative team. (This package is often referred to as “Model A.”)