For over a decade, SOMArts has provided administrative support and financial oversight to a small, thoughtfully selected group of emerging not-for-profit organizations and projects ranging from a few thousand to more than one million dollars in annual activity. SOMArts’ fiscal sponsorship program ensures funding agencies and contributors that funds received on behalf of sponsored projects are well-managed and disbursed according to the grant proposal and guidelines.
SOMArts provides two models of fiscal sponsorship: Model A and Model C. For Model Cs, our management fee is competitive at just 8%-9% of all income raised by the project. Because Model A services also include employee management and insurance coverage, our management fee is 10%.
Applications are reviewed on a rolling basis. Projects must be approved by SOMArts’ advisory board who meet quarterly, applicants should anticipate a waiting period. Grant submissions and fundraising can begin only after a project has been approved.