Toronto – July 13, 2016 – The Fondation des arts de l'Ontario announced this week it is making a special distribution of $250,000 to arts organizations holding an endowment under the Arts Endowment Fund Program at the Ontario Arts Foundation.
Le Ontario Arts Foundation Board Chair Anthony Graham said, “We are delighted to mark our 25th anniversary in 2016 in this way and to provide meaningful recognition of our past and future partnerships with arts organizations in communities across the Province of Ontario.”
The Ontario Arts Foundation was established in 1991 with a mandate to work with arts patrons in building long-term financial support for the arts in Ontario. We currently manage over $73 million in endowment funds on behalf of arts organizations in 65 communities in the Province and more than 30 private donor-funded arts awards and scholarships recognizing the talents and achievements of Ontario artists.
Des partenariats solides avec les programmes de fonds de contrepartie de la Province de l’Ontario (Fonds de dotation pour les arts) et de Patrimoine canadien (Fonds du Canada pour l'investissement en culture - Volet Incitatifs aux fonds de dotation) ont alimenté une grande partie de la croissance de la Fondation. La combinaison de dons du secteur privé aux organismes ayant des fonds de dotations pour les arts et des fonds de contrepartie du gouvernement a été un puissant stimulant à la croissance du soutien financier pour les arts.
The Foundation distributed $3.0 million this year in endowment income, and the matching program has distributed $28 million since the program’s inception. This is the result of the Foundation’s strong, long-term investment performance and is a stable, recurring source of unrestricted revenue, which arts organizations use to support their programming, operations and community outreach activity.
Alan Walker, Directeur général said, “We are privileged to support over 275 arts organizations through these endowments and look forward to building on existing and future partnerships within the arts community for the next 25 years”.
Pour plus d'information, veuillez contacter:
Alan Walker | Ann Boyd |
This document is also available in English.