We started the year with the threat of a soft landing for the economy. Fortunately, that did not materialize, and the economy in fact posted stronger results than expected. For the time being, the threat of recession seems to have diminished. While interest rates have not yet come down as much as initially expected, the […]
Strong First Quarter Performance Read More »
A year ago, we were concerned about the impact of the war in the Ukraine. Both the geo-political and economic implications were potentially devastating. While that war continues unabated, the terrorist activity and ensuing conflict in Israel and Gaza have knocked most of the Ukraine news to the sidelines. Again, the global implications are very
Continuing Market Volatility Read More »
We recently saw an announcement which might be of benefit to your organization. In case you missed it, The Government of Canada has committed the Government of Canada committed $15 million ($4 million in Ontario alone) to help support the safe reopening of arts, culture, heritage, and sport sectors through the “Making Cultural Spaces Safe During COVID-19
Making Cultural Spaces Safe During COVID-19 Read More »
For so many of us, the past 18 months has included great hardship. The stress of imperfect information, the rollercoaster ride of the pandemic waves, the inability to spend in person time with friends and family and, for many, severe financial hardship. Just as we seem to be getting past the worst of it and we
Light at the End of the Tunnel Read More »
Hard to believe, we can actually turn our thoughts to these four words…..”Recovering from the pandemic”. The environment for arts and culture remains grim and cloudy, the level of federal support through income support programs has allowed many arts organizations to sustain their core operations and keep key staff with them. Often that means people
Recovering from the pandemic Read More »
Navigating uncertainty: Building resilience in Canada’s social sector is a short but well set out article from Price Waterhouse Coopers setting out key insights on how leaders of not for profit (arts ) organizations and their Boards can focus on. Capacity – In what ways can the social sector adapt to meet new needs under changing conditions
Insights for Building Resilience in our Social Sector Read More »
As arts organizations seek to manage the financial challenges they face during the current pandemic, the place an endowment holds in their financial picture is gaining attention. Long-Term AssetFoundations are being called upon to use endowments ‘more actively’, and provide much needed cash flow and income to their beneficiary organizations. It has long been
The Role of an Endowment in COVID-19 Times Read More »
I’ve observed recently that Ontario arts organizations are now moving to an environment where they are trying new ways to communicate their arts mission, how best to respond to the current COVID-19 world we live in. Plans for the futureTRG Arts has produced a helpful report that may be useful as arts managers and Boards make plans
Arts and Culture Organizations – Adapting for a New Environment Read More »
During this morning’s address to the country, Prime Minister Trudeau offered more important details on the Government of Canada’s Emergency Wage Subsidy that was first announced on Friday of last week. The following eligibility parameters and details were announced: Businesses that can show that their revenues have decreased at least 30% since the start of
Canada Emergency Wage Subsidy Read More »
One of the most important benefits to arts organizations who established endowments with the Ontario Arts Foundation under the Arts Endowment Fund program (AEF) (and new organizations continue to) is the fact that endowment distributions are unrestricted. Unlike most grant funding, which is directed towards particular programs, AEF income can be used by an organization where
Supporting Arts Organizations with Operating Funds Read More »
