OVAC Fiscal Sponsorship Application
Oklahoma Visual Arts Coalition
Who can apply
All projects must align with OVAC’s mission of supporting Oklahoma’s visual arts and artists and their power to enrich communities. Fiscal sponsorship is only for a specific project and is not intended to last indefinitely to support an artist’s career. Fiscally sponsored projects must benefit the public in some way. That could include a subject screening, exhibition, performance or talk, exploring an issue, or otherwise offering an opportunity for an underrepresented group of people. Because donations to fiscally sponsored projects are tax-deductible, projects must add value to the public sphere and not only benefit the artist’s private gain.. All applicants must be a current OVAC member. OVAC retains a 4% administration fee of the funds raised.. Yes. you must have a social security number or be incorporated as an LLC or corporation in the US.. Yes, you must be a current Oklahoma resident and the public presentation of the project must take place in Oklahoma.
About this opportunity
Do you have a large, public project you want to launch, but need some funds to make it happen? A fiscal sponsorship from OVAC allows you to use our 501(c)(3) status to solicit donations, giving your donors the benefit of a tax receipt, and allows you to apply for grants that require a 501(c)(3) status. After reviewing the FAQ below, reach out to us to see if your project qualifies! FAQs: What is fiscal sponsorship? Fiscal sponsorship allows an individual or group to use OVAC’s 501(c)(3) status to solicit donations, giving the donors the benefit of receiving a tax receipt for their donation as it goes through OVAC. It also allows the individual or group to apply for some grants that require backing from a nonprofit . What is the difference between a grant and fiscal sponsorship? Fiscal spon...