Canada Cultural Investment Fund, Endowment Incentives Component: Application Deadline December 1, 2013
Applications are now available for the Canadian Heritage Endowment Incentives Component of the Canada Cultural Investment Fund. The program encourages donors to contribute to endowment funds supporting professional arts organizations.
The Endowment Incentives Component of the Canada Cultural Investment Fund is a program of the Department of Canadian Heritage that provides matching funds of up to one dollar for every dollar raised from private donors to create an endowment, or add to an existing one. Arts organizations who have applied jointly with the Ontario Arts Foundation since the program’s inception have received $ 5.3 million in matching grants.
The benefits of applying for matching funds are clear:
A donation or bequest from donors can be nearly doubled (based on the 2012 matching rate of 1.00 dollar). Example: an initial donation of $50,000, when matched becomes $100,000 in permanent capital.
Income is long term and unrestricted, allowing an organization to determine how best it serves their operating needs.
The matching model provides all donors, including those of modest means, the satisfaction of knowing their gifts are being leveraged for the long term benefit of arts organizations important to them.
Since the launch of the program in 2001, the federal government has invested $140 million in matching funds and leveraged close to $200 million in donations from the private sector, for a total combined investment of $340 million in arts organizations' endowment funds across Canada. The strength of private/public partnerships is strongly reflected in this program, supporting and we encourage arts organizations to participate, receive matching funds and grow their long term capital and income.
The program continues through 2015.
For more information:
Alan Walker, Executive Director
Ann Boyd, Associate Director
Program and Application Details:
Program and Application Details: Canada Cultural Investment Fund, Endowment Incentives
Frequently Asked Questions:
Frequently Asked Questions: Canada Cultural Investment Fund, Endowment Incentives