- Dec 01 2022
Canada Cultural Investment Fund – Endowment Incentives (Canadian Heritage)
Canada Cultural Investment Fund – Endowment Incentives component encourages private donors to contribute to endowment funds for not-for-profit professional arts organizations, so they can access new sources of funding in the future. Raising capital and creating endowments gives these organizations greater capacity for realizing artistic expression by supporting their long-term stability.
Canadians are encouraged to support the arts by providing donations to an arts organization’s endowment fund. The government provides matching funds – of up to one dollar for every dollar raised from private donors – to create endowment funds or to increase existing ones.