As a 501(c) 3 organization, Dream Out Loud Productions (DOL Films) acts as a fiscal sponsor to projects that are within its project guidelines. This allows individuals without nonprofit status to apply for and receive much needed grant funds.
A smart step for the independent non-commercial project is taking a fiscal sponsor, who serves as a fiscal umbrella for your project. With its 501(c)(3) non-profit status established in 2004,Â DOL FilmsÂ serves as a conduit for financial resources (donations and grants) to qualifying non-commercial projects. Projects approved for theÂ DOL Films Fiscal Sponsorship Program are able to solicit tax-deductible donations. Filmmakers can also access government and foundation grants restricted to non-profit organizations or fiscally sponsored projects. Very importantly, all rights, title and interest to the project belong to the filmmaker.Â DOL FilmsÂ takes a 5-7% fiscal agent fee, depends on project, for all funds it processes.
Hereâ€™s how it works:Â Individual donors and foundations give directly toÂ DOL FilmsÂ indicating funds are in support of your project.Â DOL FilmsÂ writes you a check for your funds (less the administration fee), and the donor gets a tax write-off. Funds are accounted for at the end of each month, and if you have received any donations, a cumulative check will be disbursed. Each year, we will send you a 1099.
HOW TO APPLY
If you are interested in applying for a fiscal sponsorship with DOL Films, email info@DOLfilms.org about your interest and include the following attached in a PDF:
Cover Letter: A brief statement on why you are applying for fiscal sponsorship from DOL Films.
Synopsis: A short synopsis for the film, plot and key characters.
Timeline: Create a timeline listing the dates of what has been accomplished to date and what you have yet to do.
Team: Include Bios of all key members of the creative team. At a minimum, it should include information on the Producer and Director (if different from the Producer). If you are a first-time filmmaker, make sure your Bio addresses your relevant expertise or experience.
Budget: An itemized budget of all costs as well as anticipated future costs.