Government Funding Limits
There is no limit to the amount of matching funds an arts organization can receive from the Endowment Incentives component over time. Previously, a lifetime maximum of $15 million per organization was in place, but this cap was removed in 2018.
The annual funding limit is fixed; therefore, the amount available as matching funds will vary depending on the number of applications and amount of funding requested.
Current maximum limits on funds requested in each fiscal is the lesser of:
- $2,000,000 or
- 50% of the average total operating revenues of the organization’s past three completed fiscal years
As a means to ensure that funding is distributed more equitably among organizations, this formula changes once an organization has received a total of $10,000,000 in matching funds to the lesser of:
- $1,000,000 or
- 50% of the average total operating revenues of the organization’s past three completed fiscal years(28)
28. Canadian Heritage, Government of Canada, Application Guidelines – Endowment Incentives Component