Film Funding Blog

Posted on Sun, Sep. 10, 2006

New film funding source: The fans
`Iraq for Sale’ producer solicited donations via the Internet for movie
WILLIAM BOOTH
Washington Post

The e-mail alerted potential supporters that Greenwald was committed to making “Iraq for Sale: The War Profiteers.” Gilliam wrote: “To start shooting, we need money. Overall, the film will cost $750,000. We can expect about $450,000 to be offset by DVD sales, selling foreign rights, and an advance from our retail store distributor, but we still need $300,000. A generous donor just stepped up and will contribute $100,000 if we can match it with $200,000 from someone else. That someone else is you! 4000 people giving $50 each. We’ll put everyone’s name in the credits.”

They got $267,892 in 10 days.

Charlotte Observer http://tinyurl.com/z6h77

Fiscal sponsorship can allow donors to a film to receive a tax deductible write-off. Without such a financing arrangement in place, donors to a film are making a personal gift that has no tax benefit.

Organizations such as the Film Arts Foundation offer fiscal sponsorship:

http://www.filmarts.org/services.php?function=fiscal