Summary of key changes made to the Endowment Incentives Component of the Canada Cultural Investment Fund (CCIF)
- A new section Declaration and Attestation as well as the component’s funding conditions were added to the application form. Both the foundation and the arts organization are subject to and must accept these terms and conditions at the time of application.
- If your matching request is approved, there will no longer be a signed grant agreement. The application form and the funding approval letter will constitute the entire agreement between the joint applicants (foundation and arts organization) and the Minister of Canadian Heritage and Multiculturalism. The agreement will be effective as of the date of the funding approval letter.
- The lifetime maximum amount payable of $15M per beneficiary arts organization has been eliminated. The annual cap of $1M for arts organizations that have already received $10M in grants from the component is maintained.
- The financial statements audit level required for both the foundation and the arts organization have been revised, the threshold requiring Audited Financial Statements is now $250,000.
- A new clause on precedence was added into the application form under Funding Conditions, which suppress and replace all conditions in past agreements with the exception of the specific dollar amounts (amount raised, amount granted).
- To support workplace integrity, a new section on the workplace well-being was added in the component’s guidelines as well as in the application form under Declaration and Attestation.
- New definitions were also added in the glossary section of the guidelines.
We invite you to consult the component’s guidelines and the application form for additional details and funding conditions.
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