{"id":37363,"date":"2024-04-09T01:00:41","date_gmt":"2024-04-09T05:00:41","guid":{"rendered":"https:\/\/fgmtl.org\/?p=37363"},"modified":"2024-04-10T09:43:00","modified_gmt":"2024-04-10T13:43:00","slug":"mecenat-musica-reaches-100-million-fundraising-goal-of-in-perpetuity-capital-for-quebec-culture","status":"publish","type":"post","link":"https:\/\/fgmtl.org\/copieprod\/en\/news\/press-releases-news\/mecenat-musica-reaches-100-million-fundraising-goal-of-in-perpetuity-capital-for-quebec-culture\/","title":{"rendered":"M\u00e9c\u00e9nat Musica reaches $100 million fundraising goal of in perpetuity capital for Qu\u00e9bec culture"},"content":{"rendered":"

The Foundation of Greater Montr\u00e9al is proud to support the\u00a0M\u00e9c\u00e9nat Musica\u00a0program for cultural philanthropy<\/a>, through the management of a share of its matching funds. We are glad to share this announcement from the program.<\/em><\/p>\n

Montr\u00e9al, April 9th, 2024 <\/strong>– The M\u00e9c\u00e9nat Musica program announced today that it has successfully reached its $100,000,000 goal of in perpetuity capital for Qu\u00e9bec cultural organizations, with more than 700 large donations from individuals and families.<\/p>\n

To celebrate this historic moment, we invite you and your mother to join us at the Maison Symphonique, on Mother\u2019s Day, Sunday May 11th, 2025<\/a> (not 2024), at 3pm.<\/p>\n

The $100 million is administered by three collaborating community foundations: the Foundation of Greater Montreal, the Jewish Community Foundation of Montreal and Fondation Qu\u00e9bec Philanthrope, generating $5,000,000 in annual revenue (5.0%), in perpetuity, for the benefit of 50 Quebec cultural organizations.<\/p>\n

These 50 Quebec cultural organizations<\/a> employ more than 5,000 artists annually and include organizations in music, festivals, theatre, museums, visual arts and dance: located in Montreal, Quebec City, Laval and the regions of la Capitale-Nationale, Mont\u00e9r\u00e9gie, Chaudi\u00e8re-Appalaches, Lanaudi\u00e8re, Centre-du-Qu\u00e9bec and Gasp\u00e9sie.<\/p>\n

M\u00e9c\u00e9nat Musica thanks the individuals and families who made over 700 major donations<\/a> to make the $100 million possible: 122 board members of cultural organizations, 118 entrepreneurs\/business, 106 retirees, 76 musicians & artists, 50 investment managers, 49 health workers, 42 accountants, 38 artistic directors, 37 lawyers, 32 engineers, 30 professors\/teachers, 74 families where 2 to 6 family members each donated $25,000, 37 members of the Order of Canada, 26 members of Ordre national du Qu\u00e9bec and many others. Thank you!<\/p>\n

Thank you also to M\u00e9c\u00e9nat Musica Donors in Residence, Jacques Marchand and Marie-Christine Tremblay, whose leadership and collaboration resulted in 100+ M\u00e9c\u00e9nat Musica donors for 23 cultural organizations, to keep culture healthy, in perpetuity, for generations to come.<\/p>\n

M\u00e9c\u00e9nat Musica<\/a> is a cultural program by donors for donors to keep culture healthy, in perpetuity. It encourages individuals to make an in perpetuity donation of $25,000 to a cultural organization important to them (net cost after tax $6,750 or $5,425) and encourages philanthropic families to match these individuals\u2019 donations with donations of $250,000 or $2,500,000. This is a major shift in cultural philanthropy.<\/p>\n","protected":false},"excerpt":{"rendered":"

M\u00e9c\u00e9nat Musica has reached its $100 million goal of in perpetuity capital for Qu\u00e9bec cultural organizations, with more than 700 large donations.<\/p>\n","protected":false},"author":6,"featured_media":30261,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,48],"tags":[],"class_list":["post-37363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases-news"],"yoast_head":"\nM\u00e9c\u00e9nat Musica reaches $100 million fundraising goal of in perpetuity capital for Qu\u00e9bec culture - Fondation du Grand Montr\u00e9al<\/title>\n<meta name=\"description\" content=\"M\u00e9c\u00e9nat Musica has reached its $100 million goal of in perpetuity capital for Qu\u00e9bec culture, with more than 700 large donations.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, 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