Funding through the Endowment Incentives component of the Canada Cultural Investment Fund will support 24 professional arts organizations through 13 foundations in Ontario
TORONTO, Aug. 8, 2018 /CNW/ - Today, the Honourable Pablo Rodriguez, Minister of Canadian Heritage and Multiculturalism, announced a matching grant of more than $6 million for 13 foundations in Ontario in support of the professional arts organizations listed below.
Among the 24 organizations receiving funding in 2017–18, three are receiving support for the first time: the Inside Out Lesbian and Gay Film Festival Inc. and the National Youth Orchestra Association of Canada in Toronto, and the Leith Summer Festival in Leith, Ontario.
Cultural institutions play an essential role in Canadian society. Investments in arts and culture help build vibrant communities, allowing our economy to grow, creating good jobs for the middle class and giving more Canadians the opportunity to experience the performing arts.
This is why the Government of Canada is proud to provide arts organizations and foundations with funding as part of a matching program to create an endowment fund or raise the capital of an existing fund for the benefit of arts organizations, as well as to support their fundraising efforts.
The Endowment Incentives Component of the Canada Cultural Investment Fund (CCIF) encourages Canadians across the country to donate to professional arts organizations, thus creating new sources of revenue and contributing to their sustainable growth.
The leveraging effect of this component maximizes the impact of the government's investment and stimulates private-sector donations to Canadian arts organizations. Funds generated through endowments can be used for regular operations or to undertake special initiatives, ensuring that performers can showcase their talent and that future generations can experience a variety of artistic and cultural performances.
Through the funding announced today, the Government of Canada is taking concrete steps to support organizations that enrich their community's cultural life and help strengthen its economy.
Toronto Area |
|||
Associated Foundation |
Professional Arts Organization |
City |
Amount received |
Canada's National Ballet School Foundation |
Toronto |
$771,162 |
|
Canadian Opera Foundation |
Toronto |
$659,575 |
|
Toronto |
$232,171 |
||
The National Ballet of Canada Endowment Foundation |
Toronto |
$659,575 |
|
Royal Conservatory of Music Foundation |
Toronto |
$1,078,779 |
|
Toronto |
$580 |
||
Toronto |
$47,462 |
||
Toronto |
$166 |
||
Toronto |
$84,308 |
||
Toronto |
$609,142 |
||
Toronto |
$6,596 |
||
Toronto |
$17,273 |
||
Toronto |
$39,575 |
||
Outside Toronto |
|||
Kingston |
$4,526 |
||
St. Catharines |
$8,495 |
||
Shaw Festival Theatre Endowment Foundation |
Niagara-on-the-lake |
$1,111,666 |
|
Stratford Shakespearean Festival Endowment Foundation |
Stratford |
$659,575 |
|
Cobalt |
$11,740 |
||
Windsor |
$16,489 |
||
Owen Sound |
$10,152 |
||
Leith Summer Festival |
Leith |
$2,602 |
|
Owen Sound |
$989 |
||
Cambridge |
$31,015 |
||
Hamilton |
$6,596 |
||
Kingston |
$198 |
Quotes
"Our government recognizes important role that arts and culture play in bringing Canadians together, and helping to grow our creative economy. This is why, since 2015, we have been pleased to take action to support arts and culture in Canada, such as committing to double the budget of the Canada Council for the Arts, reinvesting in the CBC, Telefilm, and the National Film Board, and launching a new, $125-million Creative Export fund. Today, I am pleased to announce support for these 24 professional arts organizations, which are vibrant sources of culture in their communities and across Ontario."
—The Honourable Pablo Rodriguez, Minister of Canadian Heritage and Multiculturalism
Quick Facts
Since 2001, the Endowment Incentives component of the CCIF has provided $250 million to the endowment funds of 233 professional arts organizations, supplementing $327 million in private donations, for a total investment of $577 million.
Since the Endowment Incentives component was established in 2001, the endowment funds of these 24 professional arts organizations have received $72 million in government support, leveraging $94 million in private donations, for total investments of $166.1 million.
In 2017–18, 123 grants were approved for 116 arts organizations through the Endowment Incentives component.
In 2017–18, the Government of Canada has provided 65.9 cents for every dollar donated by the private sector through the Endowment Incentives component.
Applications to the Endowment Incentives component are submitted jointly by a not-for-profit professional arts organization and an associated foundation.
Associated Links
Canada Cultural Investment Fund
Endowment Incentives Component
SOURCE Canadian Heritage
(media only), please contact: Simon Ross, Press Secretary, Office of the Minister of Canadian Heritage and Multiculturalism, 819-997-7788; Media Relations, Canadian Heritage, 819-994-9101, 1-866-569-6155, [email protected]
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