The Agency promotes an environment in which all Canadians take full advantage of dynamic cultural experiences, celebrating their history and heritage, and participating in building creative communities. The Agency’s Endowment Incentive component of its Canada Cultural Investment Fund is designed to foster a climate that encourages private donors to contribute to endowment funds for nonprofit professional arts organizations in order that they may have access t new sources of funding in the future. The Endowment Incentives component invites active involvement from the private sector in the cultural affairs of the community by providing matching funds of up to one dollar for every dollar raised from private donors, to create endowment funds or to increase existing ones. Applications to the Endowment Incentives component must be submitted jointly by a nonprofit professional arts organization and an associated public foundation. Both parties must meet appropriate, separate eligibility criteria found on the Web site.
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