Shunpike: The Business of Art

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Donating to Shunpike: How It Works

Through its fiscal sponsorship program, Shunpike allows member groups to pursue tax-deductible donations from individuals, corporations, foundations and government agencies.

Shunpike takes its responsibility – to donors, to the arts groups we serve and to agencies like the IRS – very seriously. At the same time, we are inspired by the flexibility this program offers emerging arts projects as they build high-quality programming. We are proud to serve the community by shepherding their donations to worthy arts groups and projects.

What Happens to the Funds?

When you make a gift to a member organization or project, the donation is given to Shunpike, a 501(c)(3) nonprofit.

Shunpike’s contract with its member groups specifies that donations can be received on their behalf and held in a designated fund. At the time of receipt, Shunpike takes a percentage of the gift – either 7 or 10%, depending on the Shunpike service level the member group has chosen.

The gift you have made to Shunpike is considered fully tax-deductible, and can be recognized at the full value you intended. (Keep an eye out for a receipt from Shunpike that will verify that value.) The fee of 7 or 10% is paid by the member group in order to participate in Shunpike’s programs of fiscal sponsorship and other back-office services.

After receipt by Shunpike, your donation remains in the member group’s fund until they submit a request to disburse funds in support of their project. At any time, a member group can learn the balance of their fund, along with other donor and financial data.

Learn More about ways to Donate

 

Please feel free to get in touch with any questions about our fiscal sponsorship model and your donation.

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PHOTO BY KAISHA HOM | GRANTEE MIMI ALLIN’S TABLE AT SPROUT EVENT
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