Summary of key changes made to the Endowment Incentives component of the Canada Cultural Investment Fund (CCIF) in 2023-2024
1. Public Arts Funding
For the beneficiary arts organization, a requirement to provide approval letter(s) from eligible sources of public arts funding in the last five years has been added.
2. Net Assets Ratio
The temporary measure that was in place throughout the pandemic to calculate the net assets ratio has ended. As of the annual deadline of December 1, 2023, the Endowment Incentives component will reinstate the previous requirement and will assess the net assets ratio of the arts organization based on the most recently completed financial statements.
We invite you to consult the component’s Guidelines and the Application Form for additional details and funding conditions.
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