Canada Cultural Investment Fund - Endowment Incentives

• Grants provided at a maximum matching ratio of 1:1 for each dollar raised from private donors.
• Annual maximum request per arts organization is the lesser of 50% of the average total operating revenues over the last three fiscal years or: $1,500,000 if cumulative grants are less than $10,000,000; $500,000 if between $10,000,000 and $18,000,000; $250,000 if more than $18,000,000.
• Minimum private sector donations required for matching funds is $5,000 per application.
• Only the income generated from the capitalized funds may be used by the arts organization; the principal must remain capitalized in perpetuity.
• Administrative and investment charges related to the grant must not exceed 2% of the total grant amount.

• The application must be submitted jointly by a not-for-profit professional arts organization and an associated public foundation.
• The foundation must be a publicly registered charitable foundation with a mandate to accumulate, administer, and invest capital assets for the benefit of the arts organization.
• The arts organization must be incorporated under federal, provincial, or territorial legislation, and be a registered charity designated as a charitable organization by the Canada Revenue Agency.
• The arts organization must have as its principal mission the creation, production, or presentation of professional artistic works, or the training of professional artists.
• The arts organization must have been in operation for at least three years, demonstrate financial health and sustainability, and have received support from an eligible arts funding program or council within the past five years.

Who is eligible?

• Not-for-profit professional arts organizations
• Publicly registered charitable foundations associated with eligible arts organizations

Who is not eligible

• Heritage organizations
• Competitions
• Arts service organizations
• Cultural industries and their associations
• Federal agencies, Crown corporations, provinces, territories, municipalities and their agencies

Eligible expenses

• Capitalization of matching funds from private donations into a foundation's endowment fund, to be held in perpetuity as restricted assets.
• Reasonable and standard administration and investment charges related to the endowment fund (not exceeding 2% of the grant amount received through this component).

Eligible geographic areas

• Organizations incorporated under federal, provincial, or territorial legislation within Canada.

• Compliance with application requirements, including submission of all mandatory forms and supporting documents.
• Demonstrated financial health and long-term sustainability of the arts organization, assessed through financial ratios and governance structures.
• History of organizational compliance with previous funding agreements and reporting obligations.
• Eligible amount of private sector donations raised within the qualifying period for matching funds.

• Applications must be submitted jointly by a not-for-profit professional arts organization and an associated public foundation.
• Matching funds are available only for private donations deposited in the 24 months preceding the application deadline.
• The minimum request per application is $5,000 in private sector donations deposited over the eligible period.
• Decisions regarding eligibility and funding amounts are final and cannot be appealed.