Government of Canada Improves Endowment Funding Program for Arts Organizations

News Release

OTTAWA, July 27, 2005 -- Minister of Canadian Heritage and Minister responsible for Status of Women Liza Frulla announced today that the door is now open to arts festivals, arts presenters, and national arts training institutions to apply for the Endowment Incentives component of the Canadian Arts and Heritage Sustainability Program. Minister Frulla also announced that the program has increased the maximum allowed for individual applicants from $5 million to $10 million."We are improving this program so as to offer an ongoing, stable support to a greater number of important cultural institutions." said Minister Frulla. "Since we launched this program in 2001, we have had excellent feedback from performing arts groups, and we are very glad to extend this benefit to different types of arts organizations."The Endowment Incentives component of the Canadian Arts and Heritage Sustainability Program provides contributions to the endowment funds of arts organizations. Raising capital and creating endowments improves the long-term stability of arts organizations and ultimately increases their ability to develop artistically. In addition, this approach encourages arts organizations to get involved with the private sector because the Government provides matching funds of up to one dollar for every dollar raised from private donors. "We provide our arts organizations with concrete support by contributing an amount equal to the monies deposited in their foundations and collected during their fundraising campaigns" said Minister Frulla. "In this way, we encourage businesses and everyone who believe in the importance of arts to continue to help our artists and the organizations that support them."The deadline for applying to the Canadian Arts and Heritage Sustainability Program is November 30, 2005. Revised application forms and information on the expanded program will soon appear on the Canadian Heritage Web site at http://www.canadianheritage.gc.caFunding announced today was provided for in the February 2005 federal budget. Information:Jean-François Del TorchioPress Secretary Office of the Minister of Canadian Heritage and Minister responsible for Status of Women(819) 997-7788Myriam BrochuChief, Media RelationsCanadian Heritage(819) 997-9314

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2016-12-15

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Government of Canada Improves Endowment Funding Program for Arts Organizations

News Release

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