Summary of key changes made to the Endowment Incentives Component of the Canada Cultural Investment Fund (CCIF) in 2020-2021
Effective immediately, and exceptionally for the deadline dates of December 1, 2020 and 2021, the following changes are in effect:
- Net Assets Ratio Criteria: Instead of calculating the net assets ratio of the arts organization for the most recently completed financial year, the program will assess the degree of financial health and demonstrated commitment to its long-term sustainability prior to the COVID-19 pandemic, which began March 2020. This means that any arts organization that received a matching fund in 2019-2020 could be eligible. For new applicants or returning applicants who received a matching fund prior to 2019, an assessment of their net assets ratio using latest financial statements prior to COVID-19 will be conducted.
- Donations Eligibility Period: The Program reinstated the previous eligibility period (December 1 to November 30) thus only private donations raised and deposited in the 12 months preceding the deadline of December 1 is eligible for matching.
It is to be noted that these adjustments are temporary and will be in place for a duration of two years. As of the annual deadline of December 1, 2022, the Endowment Incentives component will reinstate the previous requirements.
In light of the current situation related to COVID-19, it is now possible to submit via email a funding application. Mail submissions are also accepted - please submit your application through only one means. ***If the number of documents attached in your email is too large, please compress the documents with the help of a suitable software. You may also send your application in numerous emails as long as they are numbered in the subject title.
We invite you to consult the component’s Guidelines and the Application Form for additional details and funding conditions.
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