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About Arts Council's Fiscal Sponsorships
In 2021, Arts Council launched a new service to the community by serving as a fiscal agent for projects that fulfil our mission as the chief advocate of arts and culture in Winston-Salem and Forsyth County. A fiscal agent is an established IRS 501(c)(3) tax-exempt organization that agrees to accept donations on behalf of a group that does not have IRS tax exemption. By serving as a fiscal agent for various local projects, we are better able to support the arts and cultural community by accepting funds on our partner's behalf and granting them back to our partner organization. This gives donors a tax deduction for their gift and helps for us to better fulfil our mission at Arts Council.
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