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Confederation Centre of the Arts Foundation Receives Matching Funds from Canadian Heritage

July 10, 2014

(Charlottetown, P.E.I.) - The Endowment Incentives program of Canadian Heritage has matched the 2013 private endowment gifts to the Confederation Centre of the Arts Foundation at 88 cents on the dollar. The Foundation's $2 million application resulted in an additional $1,762,705 being added to funds held in trust for Confederation Centre. "The performing arts play a vital role in ensuring the cultural and economic vitality of our communities," says the Honourable Shelly Glover, Minister of Canadian Heritage and Official Languages. "With our private-sector and philanthropic partners, we are proud to support Confederation Centre of the Arts in its mandate to inspire Canadians through heritage and the arts."

The Centre's Foundation submitted a $2 million application for matching -- the maximum annual request. Along with other substantial gifts, a single $1 million donation was made during the year - motivated by the knowledge that the donation could be matched.

"These funds are a major boost to the long term financial security of Confederation Centre," says Mike Schurman, chairman of the Foundation. "We are very grateful to Canadian Heritage and to all of the Centre's donors."

The principal amounts of gifts to the Foundation and matching funds must be held indefinitely yet the interest revenue can be used to support Centre activities as per the wishes of the donor. These are often for general operations but can be for specific activities such as: scholarships for arts and theatre education, gallery acquisitions and curatorship, the annual Symons Medal and Lecture series, as well as theatre development work.

Endowment gifts have been invested at the Centre for many years; however it was not until 2010 that the Foundation was created. The Canadian Heritage matching program provided major incentive for creating a fully operational foundation, as it encourages private gifts to grow instantly and supports arts and culture organizations in the long term.

Both Wayne Hambly, chairman of the board of Confederation Centre, and Jessie Inman, CEO, said that this Canadian Heritage program is of utmost importance to the organization and is greatly appreciated.

Again this year, Confederation Centre and its foundation plan to apply to the Endowment Incentives component to continue to grow this important source of income that assists the Centre in delivering its mandate. All gifts received before November 30, 2014 will be eligible for matching by the federal government. Please contact Wraychel Horne, director of the foundation at (902) 628-6137 or whorne@confederationcentre.com to make a donation as an investment in the Centre.

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Media contact:
Fraser McCallum, Communications Manager, Confederation Centre of the Arts
T: 902.628.6135 (office)
E: fmccallum@confederationcentre.com

For more Centre news: http://www.confederationcentre.com/en/news.php
www.facebook.com/confederationcentre | Twitter: @confedcentre


Confederation Centre of the Arts is Canada's national memorial to the Fathers of Confederation, located in Charlottetown, Prince Edward Island. Home to The Charlottetown Festival, this living memorial is celebrating its 50th anniversary in 2014, and continues to present the finest in Canadian visual and performing arts, heritage programming, and arts education.