Frequently Asked Questions

While banks typically operate ATMs, privately owned ATMs have indeed been in existence for many years. ArTM is the first 501(c)(3) ATM provider in the world and works with community and corporate  partners to transform the traditional revenue model associated with ATM  surcharge fees. 

Our unique non-profit status allows us to channel these traditional fees into tax-deductible donations for the benefit of artists. By strategically partnering with locations that ensure maximum fundraising potential, we can cover operating expenses while generating significant funds to support the arts. This approach aligns with our mission to use innovative financial channels to empower and uplift artists, making every ArTM transaction a valuable contribution to the creative community.

While we currently direct donations to a general fund for artists that a highly qualified advisory board selects, we are exploring ways to provide donors with more customization options in the future. Stay tuned for updates on how you can have a more personalized impact.

Yes, all donations aside from contributions made when making a cash withdrawal are tax-deductible under IRC Section 170. ArTM Foundation is also qualified to receive tax deductible bequests, devises, transfers of gifts under Section 2055, 2106, or 2522. 

ArTM employs a strategic approach in selecting establishments, leveraging a data-driven method and proven ATM transaction volume analysis. This meticulous process guarantees that when you invest in one or more of our machines, they not only recoup the initial investment within the first  few months, but also operates seamlessly for the next 9-10 years. This sustained functionality ensures a continuous flow of funds, dedicated to supporting Austin's exceptionally talented musicians.

Absolutely! We welcome partnerships with businesses and locations that align with our mission. If you're interested in hosting an ArTM fundraising machine at your business please reach out through our website's partnership section for more information. 

No, ArTM grants are designed as financial support to empower recording artists. Recipients are not required to repay the grants, allowing them the freedom to focus on their creative pursuits with the funding necessary to make a splash and without the financial burden.

ArTM is committed to transparency. We regularly update our community on grant distributions, fundraising efforts, and financial reports through our website and newsletters. Our goal is to keep our supporters informed and engaged. ArTM Foundation is not a financial institution, nor do we handle or own any of the cash loaded into our ArTM's. 

We pride ourselves in offering you an ArTM, not an ATM... Visually, this keeps users from being confused as to which machine they’re using.  The distinctive wraps adorning our machines are crafted by 5 new standout artists within the community selected each year. Embracing the talents of local artists not only enhances the aesthetic appeal of the machine, but also reinforces our commitment to supporting and showcasing the vibrant creativity within our community.

Stay connected with ArTM by following us on social media and subscribing to our newsletter. We share regular updates on grant recipients, community impact, and upcoming events, providing a glimpse into how we're transforming financial transactions into meaningful support for the arts.

General Liability insurance & Equipment Coverage is covered in full by the ArTM Foundation ensuring you are risk free in regards to your businesses new ArTM. 

Choosing to donate to pay for an ArTM goes beyond a one-time contribution; it's a strategic investment that multiplies the impact of your support. Unlike a one-time donation, which provides temporary assistance, contributing to an ArTM ensures a sustained flow of funds for the next 9-10 years, benefiting a multitude of local musicians & artists in the community.