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Basic Intro to Film Fundraising

               Prepared by Reva Goldberg of




     for the Brooklyn Arts Council and Scene: Brooklyn
Big Picture Strategy
Answer honestly:
  Will I dedicate years?
  Will I ask and keep asking?
  Am I committed to my film‟s life cycle?

Timeline:
   Can I wait for funding? Can I start now?
   Is my project in fundable “phases”?

Budget:
  Understand the landscape, peers
  Worst and best case scenario budgets
  Assess assets ($, time, equipment, skills)?
…Big Picture (contin.)
Financial Approaches

      Donors & Grants*:

             Fiscal Sponsorship
                Some foundations require it
                Allows tax deduction for your donors

             Online tools for accepting c.c. donations
                Some fiscal sponsors have these
                Crowd-funding sites have them

             Managing income/expenses:
               Grants and donations are income
                  Establish a DBA “Doing Business As” for your film work or your film
                  Open a business checking account
                         Get an accountant who knows artist/film

                             Only pay taxes on income above $400 that you don‟t spend
                 Fill out sales tax exemption paperwork for artists (with the state)

      Investors:

             Donated funds don‟t mix with equity

             Lawyer, business plan, investor deals

*The focus of this slideshow is on donors and grants, not equity.
Seeking Donations & Grants
Plans and Tools
Update them all as you go:

    Timeline for:
       Crew, footage, cash flow, cuts, pitch materials, etc.

    Lists (& contact info):
        Individuals who care (close friends, crew, mom)
        Foundations, deadlines
        Like-minded Networks, Orgs (local/national)
        Festivals, deadlines deadlines

    Asking/Outreach strategy:
        Who to reach? How? What to ask for?
        Community incentives, useful content, frequent (but not too frequent)
          progress updates
…Seeking Donations & Grants
              (contin)
    Distribution:
        Who wants my film?
        When, how, where? Free? Fee?
        How will people know?

Pitch/Application Materials
(tailor to audience, address feedback):

    Written content:
         log line, proj. description, dir. statement, script/treatment, team
           bios, social context, audience, distribution

    Other documents:
      Budget (income and expense)
      Secured and Potential Funding Sources
      Imagery, Art (evocative or representative, high quality)
      Sample footage (trailer, scenes, eventually rough cut)
      Web presence (web site, social nets, video site, crowdsource sites)
Eligibility
Different funders want different things. Where does your film fit:

    • Socially relevant subject matter? Niche audience? Hard to qualify?

    • Creative approach: i.e.Art or advocacy? Fiction or non? Historical or
      current? Topic or narrative?

    • Length: Short or Feature?

    • Level of experience (Student? Emerging? Established?)

    • Project phase (Development? Production? Post?
      Distribution/Outreach?)

    • Budget level: Micro? Low? Medium? Large?

    • Shooting Location? (USA? Foreign country? Multiple countries?)
Earlier = Harder
It‟s hard for an inexperienced filmmaker to
   gain funder confidence during the earlier
   stages of a project.

As a project nears completion, the playing
 field becomes more even.

If you are inexperienced, you may have to
   „go it alone‟ during the early stages.
Filmmaker Experience
                    & Funder Confidence
  Project Phases
           Development                                          Established

        Early Production                                        Emerging

        Late Production                                         Unknown


              Early Post

              Late Post

   Distribution/Outreach


                           0     20      40        60          80
                                 Funder Confidence

NOTE: These are not real „stats‟. Chart illustrates general concept, not hard fact.
Tips for Grant Hunting
Film grants:
   Warnings:
        only a handful,highly competitive
        a bonus, not a certainty
        out-dated links are everywhere!

   Finding them:
        Grantor resource lists,mailing lists:Cinereach, NYFA,Creative Capital
        Subscribe/Join: IFP, DCTV, D-Word, WMM, etc., Shooting People, etc.
        Read:Independent Magazine, Documentary Magazine, Filmmaker, blogs
Other sources
    Individuals, small amounts from large numbers
        People who love you,their friends
        Ideas: Shaking the Money Tree; Fans, Friends and Followers, your peers

    Non-film Grants
        Topic or audience specific
        Advocates,campaigns who need media
        Orgs or brands that reach your audience
Cinereach Programs
       Vital stories, artfully told.
         Fiction or Nonfiction




Next deadline: December 1   Next deadline: July 12
Cinereach Grants Program Snapshot


Open to:
  Emerging and established filmmakers
  Projects in research and development, production, post production

Two annual Letters of Inquiry (LOI)
   June 1, Dec. 1
   600 – 1,000 LOIs per cycle

Full proposals requested from 10% - 12% of applicants

Grants:
   10-15 grants awarded
       $5k - $50k (most are $10k - $25k)
       $250,000 total per cycle
       6-month and 1-year progress reports are expected
Grants Main:
http://www.cinereach.org/grants

How to Apply:
http://www.cinereach.org/grants/how-to-apply1

Priorities and Guidelines:
http://www.cinereach.org/grants/granting-program-guidelines

FAQ:
http://www.cinereach.org/grants/frequently-asked-questions

Grant Recipients:
http://www.cinereach.org/grants/grants-recipients
Reach Film Fellowship Snapshot

Open to:
   Early Career Filmmakers who
     have a short film in “development”
     have completed at least one short film
     are committed to a filmmaking career
     are in or near NYC from August – April

Apply in mid-July (July 12, 2010 deadline)
    Fellows announced by mid August
    Expected applicant pool between 50 – 150

Fellowship includes:
     $5k Grant (plus other benefits and matching)
     Mentorship from an experienced, indie filmmaker
     Advising sessions every month to help with professional and creative development
     Staff support from Cinereach
     Industry exposure, screening opportunities
     Other benefits
RFF Main:
http://www.cinereach.org/the-reach-film-fellowship

How to Apply:
http://www.cinereach.org/the-reach-film-fellowship/how-to-apply

Guidelines:
http://www.cinereach.org/the-reach-film-fellowship/program-guidelines

FAQ:
http://www.cinereach.org/the-reach-film-fellowship/frequently-asked-questions

RFF Recipients:
http://www.cinereach.org/the-reach-film-fellowship/fellows-recipients

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Basic Intro to Film Funding and Cinereach Programs

  • 1. Basic Intro to Film Fundraising Prepared by Reva Goldberg of for the Brooklyn Arts Council and Scene: Brooklyn
  • 2. Big Picture Strategy Answer honestly: Will I dedicate years? Will I ask and keep asking? Am I committed to my film‟s life cycle? Timeline: Can I wait for funding? Can I start now? Is my project in fundable “phases”? Budget: Understand the landscape, peers Worst and best case scenario budgets Assess assets ($, time, equipment, skills)?
  • 3. …Big Picture (contin.) Financial Approaches Donors & Grants*: Fiscal Sponsorship Some foundations require it Allows tax deduction for your donors Online tools for accepting c.c. donations Some fiscal sponsors have these Crowd-funding sites have them Managing income/expenses: Grants and donations are income Establish a DBA “Doing Business As” for your film work or your film Open a business checking account Get an accountant who knows artist/film Only pay taxes on income above $400 that you don‟t spend Fill out sales tax exemption paperwork for artists (with the state) Investors: Donated funds don‟t mix with equity Lawyer, business plan, investor deals *The focus of this slideshow is on donors and grants, not equity.
  • 4. Seeking Donations & Grants Plans and Tools Update them all as you go: Timeline for: Crew, footage, cash flow, cuts, pitch materials, etc. Lists (& contact info): Individuals who care (close friends, crew, mom) Foundations, deadlines Like-minded Networks, Orgs (local/national) Festivals, deadlines deadlines Asking/Outreach strategy: Who to reach? How? What to ask for? Community incentives, useful content, frequent (but not too frequent) progress updates
  • 5. …Seeking Donations & Grants (contin) Distribution: Who wants my film? When, how, where? Free? Fee? How will people know? Pitch/Application Materials (tailor to audience, address feedback): Written content: log line, proj. description, dir. statement, script/treatment, team bios, social context, audience, distribution Other documents: Budget (income and expense) Secured and Potential Funding Sources Imagery, Art (evocative or representative, high quality) Sample footage (trailer, scenes, eventually rough cut) Web presence (web site, social nets, video site, crowdsource sites)
  • 6. Eligibility Different funders want different things. Where does your film fit: • Socially relevant subject matter? Niche audience? Hard to qualify? • Creative approach: i.e.Art or advocacy? Fiction or non? Historical or current? Topic or narrative? • Length: Short or Feature? • Level of experience (Student? Emerging? Established?) • Project phase (Development? Production? Post? Distribution/Outreach?) • Budget level: Micro? Low? Medium? Large? • Shooting Location? (USA? Foreign country? Multiple countries?)
  • 7. Earlier = Harder It‟s hard for an inexperienced filmmaker to gain funder confidence during the earlier stages of a project. As a project nears completion, the playing field becomes more even. If you are inexperienced, you may have to „go it alone‟ during the early stages.
  • 8. Filmmaker Experience & Funder Confidence Project Phases Development Established Early Production Emerging Late Production Unknown Early Post Late Post Distribution/Outreach 0 20 40 60 80 Funder Confidence NOTE: These are not real „stats‟. Chart illustrates general concept, not hard fact.
  • 9. Tips for Grant Hunting Film grants: Warnings: only a handful,highly competitive a bonus, not a certainty out-dated links are everywhere! Finding them: Grantor resource lists,mailing lists:Cinereach, NYFA,Creative Capital Subscribe/Join: IFP, DCTV, D-Word, WMM, etc., Shooting People, etc. Read:Independent Magazine, Documentary Magazine, Filmmaker, blogs Other sources Individuals, small amounts from large numbers People who love you,their friends Ideas: Shaking the Money Tree; Fans, Friends and Followers, your peers Non-film Grants Topic or audience specific Advocates,campaigns who need media Orgs or brands that reach your audience
  • 10. Cinereach Programs Vital stories, artfully told. Fiction or Nonfiction Next deadline: December 1 Next deadline: July 12
  • 11. Cinereach Grants Program Snapshot Open to: Emerging and established filmmakers Projects in research and development, production, post production Two annual Letters of Inquiry (LOI) June 1, Dec. 1 600 – 1,000 LOIs per cycle Full proposals requested from 10% - 12% of applicants Grants: 10-15 grants awarded $5k - $50k (most are $10k - $25k) $250,000 total per cycle 6-month and 1-year progress reports are expected
  • 12. Grants Main: http://www.cinereach.org/grants How to Apply: http://www.cinereach.org/grants/how-to-apply1 Priorities and Guidelines: http://www.cinereach.org/grants/granting-program-guidelines FAQ: http://www.cinereach.org/grants/frequently-asked-questions Grant Recipients: http://www.cinereach.org/grants/grants-recipients
  • 13. Reach Film Fellowship Snapshot Open to: Early Career Filmmakers who have a short film in “development” have completed at least one short film are committed to a filmmaking career are in or near NYC from August – April Apply in mid-July (July 12, 2010 deadline) Fellows announced by mid August Expected applicant pool between 50 – 150 Fellowship includes: $5k Grant (plus other benefits and matching) Mentorship from an experienced, indie filmmaker Advising sessions every month to help with professional and creative development Staff support from Cinereach Industry exposure, screening opportunities Other benefits
  • 14. RFF Main: http://www.cinereach.org/the-reach-film-fellowship How to Apply: http://www.cinereach.org/the-reach-film-fellowship/how-to-apply Guidelines: http://www.cinereach.org/the-reach-film-fellowship/program-guidelines FAQ: http://www.cinereach.org/the-reach-film-fellowship/frequently-asked-questions RFF Recipients: http://www.cinereach.org/the-reach-film-fellowship/fellows-recipients