{"id":4461,"date":"2019-10-28T04:36:00","date_gmt":"2019-10-28T04:36:00","guid":{"rendered":"https:\/\/oafdn.ca\/?p=4461"},"modified":"2022-02-12T04:37:27","modified_gmt":"2022-02-12T04:37:27","slug":"supporting-arts-organizations-with-operating-funds","status":"publish","type":"post","link":"https:\/\/oafdn.ca\/fr\/supporting-arts-organizations-with-operating-funds\/","title":{"rendered":"Supporting Arts Organizations with Operating Funds"},"content":{"rendered":"
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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\u00a0unrestricted<\/b><\/span>. Unlike most grant funding, which is directed towards particular programs, AEF income can be used by an organization where they choose. This allows arts managers and their boards to decide each year if the income will be applied to core operating costs (rent, salaries, overhead), or a particular production, outreach initiative, or an investment in something new.<\/p>


Operating Expenses<\/b><\/span><\/p>

The Chronicle for Philanthropy recently published an article<\/a>\u00a0highlighting how five of the US\u2019 wealthiest foundations have decided to focus efforts on grant makers to join them in offering funding that can be directed to operating expenses. In doing so, they hope to set an example to encourage other funders to \u2018stigmatize\u2019 in the eyes of donors and granters operating costs and help funders understand supporting an organization in this way helps them thrive and grow and make wise operating decisions. The article identified six ways, a funder can consider supporting operating costs of a not-for-profit:

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