Ever wondered if you can raise money through fiscal sponsorship and crowdfunding to support a creative project? Dianne Debicella and Theresa Hubbard from Fractured Atlas joined Foundation Center West to share information on how to combine fiscal sponsorship and crowdfunding to support artistic projects.
Click on the following topics to watch just that segment on YouTube or watch the full session here.
How does fiscal sponsorship work?
Many artists have questions about the legal aspects of fiscal sponsorship. Dianne discusses the ins-and-outs of fiscal sponsorship arrangements with Fractured Atlas.
Types of donations
Fractured Atlas manages donations made to creative projects by individual and organizational donors. Dianne discusses how donations are administered to projects and what is expected of artists raising money through Fractured Atlas' fiscal sponsorship program.
There's more to fiscal sponsorship than just the financial administration aspect. Find out about all the benefits offered by Fractured Atlas' fiscal sponsorship program.
Fractured Atlas has a customer relations management tool called Artfully that individual artists can take advantage of as a fiscally sponsored project.
The background and benefits of crowdfunding for creative projects are discussed by Theresa.
Planning Your Campaign
What makes a good campaign and how to plan for it are discussed. Goals should be based on what you need for the project and include enough to cover donation incentives as well as shipping.
A lot of people think that if you build it, they will come, but crowdfunding isn't a field of dreams. Theresa discusses some tips to help make a crowdfunding campaign more successful, including setting a timeline, deciding when to launch your campaign, and setting realistic goals.
Perhaps one of the most important aspects of running a crowdfunding campaign is promoting it to your social network. Do you have a social network in place to help push your campaign? How can you mobilize that network to raise money for you? If most of your friends are on Twitter, Facebook probably isn't the best vehicle to use for promotion.
Some common misconceptions about crowdfunding are shared as well as ideas on how to avoid the pitfalls.
NATASHA ISAJLOVIC, Lead of Foundation Center West, is responsible for public services and programming in the San Francisco office. Prior to joining the San Francisco team, Natasha worked for Fine Arts Museums San Francisco, Stanford Health Library, and Golden Gate University. Both her Master's degree in Library and Information Science and Bachelor's degree in Visual Arts and English Language and Literature were acquired at Western University. Natasha spends her time away from Foundation Center cooking, travelling, reading, and trying to surf.
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