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4 Funding Resources for Professional Artists

Image: File

Image: File
ARTISTS IN RESIDENCE What It Is: These programs and other residency opportunities allow artists to stay and work elsewhere 'for art's sake.' Typically they offer spaces that are conducive to creativity and they also provide working facilities for individual artists. Who It's For: Similar to studying abroad, artists interested in immersing in other cultures or getting out of their comfort zone would benefit from an Artist in Residence program. Additionally, residencies can be seasonal, ongoing, or for one project at a time. For more information on nationwide residency programs visit TransArtists.org or, for international opportunities, visit Air-J. Info.more
CROWDFUNDING What It Is: A place where artist can set a fundraising goal for their project and accept donations in return for an award. The good thing is, if the goal isn’t reached, you’re not charged. Who It's For: Any artist that is working on a specific project. Maybe you’re an author writing a book. Considering the cost of printing, sourcing materials, marketing and editing, the tab adds up quickly. These Web-based fundraising resources allows your supporters to donate to contribute to the completion of your project. For crowd funding, try Websites such as Kickstarter.com and RocketHub.com.more
GRANTS What It Is: For artists, this can be the top resource to finance their projects and keep them above water. They can be obtained via large companies and organizations or from state and federal agencies. Who It's For: Artists who need cash for living expenses, studio space, or travel expenses while you're working on their projects. For more information, visit the National Endowment for the Arts, or your state's artist resource agency.more
FISCAL SPONSORSHIP What It Is: A formal arrangement in which a 501(c)(3) public charity sponsors a project that may lack exempt status. The benefit of fiscal sponsorship is it allows you to seek grants and solicit tax-deductible donations under your sponsor's exempt status. Who It's For: Fiscal sponsorship is a good option for individuals or groups starting their own charitable programs, or artists who want to focus attention on the execution and delivery of a project rather than on corporate and tax compliance. For more information, visit Grantspace.org.more
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