Limited Support to Endangered Arts Organizations - Canada Cultural Investment Fund
Canada Cultural Investment Fund – Limited Support to Endangered Arts Organizations component assists professional arts organizations that are facing the prospect of closure. In specific circumstances, funding is available for the restructuring of an arts organization, so it can continue to contribute to the community it is serving. This component was established for those rare instances where a professional arts organization faces the prospect of closure, yet there is a high degree of support for its continuation and a viable business/restructuring plan. A restructuring project proposal must include: - a viable debt elimination plan; - a viable restructuring plan; and - a repayment proposal approved by creditors.
Grant Deadline
Deadline not available
Funding Amount
75% of expense The maximum amount of funding available cannot exceed the lesser of $250,000, or 25% of the total amount sought by the organization to restructure, from all funding sources. Total government assistance (federal, provincial, municipal) cannot exceed 75% of the total resources requested by the organization.
Type of Grant
Grant
Sectors
Arts & Culture
Demographics
Incorporation
Non Profit
Perks
Region Restriction
This grant is restricted to whole of Canada
Keywords
nonprofit, canada, arts, culture, encourage investment, organization
Age Restriction
This grant is age restricted from 18 to 100
Eligibility and Requirements
2. Eligibility Criteria
2.1 Eligible Applicants
The applicant must be a professional non-profit arts organizations incorporated under the Canada Not-for-Profit Corporations Act or Part II of the Canada Corporations Act or equivalent provincial or territorial legislation.
2.2 Eligibility Requirements
To be eligible, an applicant must:
• have as its mission the creation, production, and/or presentation of artistic programming involving professional artists remunerated for their work
• be in existence for at least seven years at the time of the request
• have, over the 12 months preceding the request for assistance, placed itself under the protection of the appropriate provisions of the Bankruptcy and Insolvency Act or similar provincial legislation, or have been placed under the control of a provincial and/or municipal governments, with such government having assumed the risk associated with the majority of the debt of the organization
• be managed by an active board of directors or a government-appointed temporary fiduciary committee
• employ at least one full-time salaried employee in administrative management and with professional status
• have demonstrated community support to at least the same amount as the request under the component as well as from the provincial and/or municipal governments.
The cultural industries and their associations as well as heritage organizations are ineligible for this component.
2.3 Eligible Projects
The restructuring project proposal must include:
• a viable debt elimination plan
• a viable restructuring plan
• a repayment proposal approved by its creditors.
If eligible, funding under this component is based upon how and to what extent the applicant has demonstrated a real commitment toward the sustainability of the organization, and has demonstrated that it enjoys a level of support in the broader community.
An arts organization can access support under this component only once.
2.4 Eligible Expenses
Eligible expenses must be directly associated with the objective of restructuring the arts organization. They can include:
• artists fees and salaries
• consultant fees and expenses
• equipment rental and supplies; and
• administrative fees up to 15% of the total expenses.
Grant Application website
Contact
Contact us
Department of Canadian Heritage
Canada Cultural Investment Fund
25 Eddy Street, 13th floor, room 308 (25-13-V)
Gatineau, Quebec J8X 4B5
patrimoinecanadienfcic-canadianheritageccif@pch.gc.ca
Telephone
819-997-3955
1-866-811-0055 (toll-free)
TTY
1-888-997-3123 (toll-free)
Agents are available to answer your questions Monday to Friday, 8:30 a.m. to 5:00 p.m. (EST).