C.R.S. § 7-80-1210: Acceptance of capital.

(1) An artist company may accept capital in any form, including:

(a) Grants;

(b) Refundable grants;

(c) First loss capital;

(d) Program-related investments;

(e) Mission-related investments;

(f) A financial agreement for impact returns investments;

(g) Debt instruments;

(h) Equity investments;

(i) Convertible investment instruments;

(j) Financial instruments, including revenue, cash flow, and profit participation rights;

(k) Royalty sharing rights; and

(l) In-kind contributions, including intellectual property such as artistic work.

(2) If and to the extent that a donor, with respect to grants or refundable grants, is required to exercise expenditure responsibility, the donor is entitled to the statements prepared for members as set forth in section 7-80-1217.

(3) If and to the extent that a donor requests that donations be tax deductible, unless and until the federal internal revenue service provides that artist companies are entitled to status as tax exempt organizations, donations to an artist company may be made through a separate tax exempt organization.