Canadian Heritage

Canadian Heritage

June 01, 2009 18:55 ET

Encouraging Private Donations: Government of Canada Matches Funds to the Stratford Shakespeare Festival

STRATFORD, ONTARIO--(Marketwire - June 1, 2009) - Prior to attending this season's opening night performance of Macbeth, the Honourable James Moore, Minister of Canadian Heritage and Official Languages, accompanied by Gary Schellenberger, Member of Parliament (Perth-Wellington), announced that the Government will match donations made by individuals, companies, and community groups to the Stratford Shakespeare Festival Endowment Foundation.

"The Stratford Shakespeare Festival has a loyal following and brings thousands of visitors to Southern Ontario to enjoy outstanding performances," said Minister Moore. "Our Government is matching patrons' support to encourage further donations and ensure that the Festival continues to enrich our lives for many years to come."

"I am delighted that the Stratford Shakespeare Festival is receiving both public and private funding," said Mr. Schellenberger. "I am proud that our Government is supporting arts organizations with a strong commitment to their own future, and this festival is certainly a leader in this regard."

"These matching funds from the federal government have been an important building block for the Festival's Endowment Fund," said Antoni Cimolino, Stratford Shakespeare Festival General Director. "This fund serves as an insurance policy against economic ups and downs. In addition to supporting the bottom line when necessary, it also funds key programs essential to training future generations of actors, artists, and artisans. We are delighted that the government considers these goals as essential as we do."

The Stratford Shakespeare Festival will receive $1,167,739. This amount is in addition to funds provided by private donors to the organization's endowment fund.

The funding has been provided through the Endowment Incentives component of the Canadian Arts and Heritage Sustainability Program. This year, the Government of Canada is providing 72 cents for every dollar donated by the private sector. Since 2006, this program has provided more than $44 million to various endowment funds, while the private sector has provided $72 million, for a total of more than $116 million.

This initiative complements other measures taken by our Government to encourage private-sector participation in arts funding, such as the tax exemptions on capital gains for donations of publicly traded securities to registered charities announced in the 2006 and 2007 budgets.

The Canadian Arts and Heritage Sustainability Program aims to encourage modern management and greater financial stability in arts and heritage organizations. The Program's Endowment Incentives component provides funding to match donations.

For more information about this program, visit www.canadianheritage.gc.ca/pgm/pcapc-cahsp/103-eng.cfm.

This news release is available on the Internet at www.canadianheritage.gc.ca under Media Room.

Contact Information

  • Office of the Minister of Canadian Heritage
    and Official Languages
    Deirdra McCracken
    Director of Communications
    819-997-7788
    deirdra.mccracken@pch.gc.ca
    or
    Canadian Heritage
    Media Relations
    819-994-9101
    1-866-569-6155