Canadian Heritage

Canadian Heritage

May 01, 2009 13:30 ET

Encouraging Private Donations: Government of Canada Matches Funds to The Grand Theatre

LONDON, ONTARIO--(Marketwire - May 1, 2009) - On behalf of the Honourable James Moore, Minister of Canadian Heritage and Official Languages, the Honourable Diane Finley, Minister of Human Resources and Skills Development and Member of Parliament (Haldimand-Norfolk), today announced that the Government will match donations made by individuals, companies and community groups to the Grand Theatre through the London Community Foundation.

"This organization has a loyal following here in London," said Minister Moore. "Our Government is matching this local support to encourage further donations and ensure that they continue to enrich our lives for many years to come."

"The Grand Theatre is recognized nationally as a cultural leader," said Minister Finley. "It produces some of the best professional live theatre in Canada. This organization contributes to the quality of life of London residents, while supporting many jobs, both directly and indirectly."

The Grand Theatre will receive $397,849.75. This amount is in addition to that 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 from the private sector.

For more information about this program, visit www.pch.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
    866-569-6155