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Making Dance

From Studio to Stage

Financing the Project

The first step in financing a project is to create a budget. Based on the artistic vision, needs are identified and their associated costs are listed as expenses. Everything, from the artistic fees to the video documentation, is included. Team members' financial expectations are documented and payment schedules are developed.

In order to pay for the expenses, income must be generated. Revenue can come from a variety of sources, including gifts of materials and labour, grants from various levels of government - municipal, provincial and federal - and private foundations, sponsorships from corporations, and ticket sales. To raise the necessary funds, artists and companies may take a number of different approaches, such as:

  • Soliciting local businesses, community groups and individuals for donations
  • Hosting activities such as garage and craft sales, raffles and special events
  • Applying for grants from various public funding organizations

The budget will be revised over time as the numbers go from projections to reality, or "actuals".

 

»» Setting a schedule