Printer-friendly version   
Backgrounder(s) & FactSheet(s):Backgrounder

 

 


  NEWS RELEASE 

For Immediate Release

2009TCA0009-000321

March 10, 2009

Ministry of Tourism, Culture and the Arts

 

$5.7 MILLION FOR ARTS AND CULTURE ENDOWMENT FUNDS

 


VICTORIA – Across British Columbia, 64 different arts and culture organizations will share in $5.7 million through the BC Arts Renaissance Program, announced Tourism, Culture and the Arts Minister Bill Bennett.

 

“Arts and culture play a critical role in defining and enriching our communities, our unique B.C. identity, and the lives of all of us, wherever we live,” Bennett said. “They’re also important economic drivers, and this innovative program has been a great success, supporting arts and culture organizations in building sustainable sources of funding for years to come.” 

 

Grants under the program include $287,000 to the Vancouver Academy of Music, $20,500 to the Sunshine Coast Festival of the Written Arts, and $49,200 to the Osoyoos Museum Society. All requests for funding are reviewed by an independent advisory committee created by the Vancouver Foundation, which has overseen the program since its inception.

 

Over the past three years, more than 250 endowment matches have been awarded through the program, leveraging the initial investment of $25 million into over $52 million in endowment fund contributions. More than 75 new endowments were established across British Columbia ranging from local community organizations to major institutions like the Vancouver Art Gallery.

 

The BC Arts Renaissance Fund’s endowment program was created to help British Columbia’s non-profit arts and culture organizations to build permanent endowment funds by providing matching grants. Income generated from the capital of the funds established by arts and culture organizations will provide annual revenues to ensure long-term financial stability and enable new opportunities for growth.

 

Note: This news release was revised on Monday March 16, 2009

-30-

 


 1 backgrounder(s) attached.

 

 

Media

contact:

David Greer

Communications Manager

250 387-2799

 

For more information on government services or to subscribe to the Province’s news feeds using RSS, visit the Province’s website at www.gov.bc.ca.