Kia Communities in Motion reveals its 2024 funding recipients
The organizations will address the needs of their community and will implement innovative solutions…
The Foundation of Greater Montréal is proud to support the Mécénat Musica program for cultural philanthropy, through the management of a share of its matching funds. We are glad to share this announcement.
Montreal, September 12th, 2023 – The Mécénat Musica program has distributed $10 million to 50 cultural organizations in Quebec since 2020, from funds administered by three partner community foundations: the Foundation of Greater Montreal, the Jewish Community Foundation of Montreal and Fondation Québec Philanthrope. These distributions are from income generated by the program which has created $92,000,000 of in perpetuity capital from donations from more than 600 individuals and families.
Mécénat Musica is a cultural program by donors for donors to keep culture healthy, in perpetuity, for generations to come. It encourages individuals to make an in-perpetuity donation of $25,000 to a cultural organization that is important to them, and encourages philanthropic families to match these individuals’ donations with donations of $250,000 or $2,500,000. This is a major shift in cultural philanthropy.
An individual’s net cost of a $25,000 cash donation after personal tax credits is $6,750 B (or $5,425 B) and is due, with other credits, to an additional Revenu Québec tax credit for one large cultural donation, which can only be claimed by the individual once in his or her lifetime. Also, the net cost to an individual of a $25,000 donation of public company shares (with large non-realized gains) can be as low as $7,521 C and can be done by the donor multiple times.
Mécénat Musica Condos for Culture© encourages donors to donate their condos, houses, chalets, or other personal use real estate hassle-free for in-perpetuity funds of cultural organizations important to the donor.
Mécénat Musica: Mini-Galas: duos of professional singers and instrumentalists deliver surprise thank you concerts with statuettes to Mécénat Musica donors, outside their door in gratitude.
B C Notes B and C are in the Mécénat Musica program
Mécénat Musica is a cultural program created by donors for donors. It makes a sustainable contribution to the health of all by supporting music and culture. It has created $92,000,000 of in-perpetuity capital for 50 Québec cultural organizations with large donations from more than 600 individuals and families with funds administered by three partner community foundations: Foundation of Greater Montreal, the Jewish Community Foundation of Montreal and Fondation Québec Philanthrope.
The program has launched several health, culture and community initiatives since March 2020 including Mécénat Musica: 5NextGen, Prix HEC Artistes, Mini-Concerts Santé (Prix Opus Événement musical de l’année 2020), Mini-Opéras Santé, Mini-Galas, ArtChoral and Prix 3 Femmes dedicated to developing new contemporary operas by emerging female and non-binary Canadian creators.
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