{"id":1098,"date":"2020-09-24T14:57:28","date_gmt":"2020-09-24T18:57:28","guid":{"rendered":"https:\/\/fgm.atypicweb.com\/?page_id=1098"},"modified":"2022-01-20T14:13:08","modified_gmt":"2022-01-20T19:13:08","slug":"mecenat-musica-program-for-cultural-philanthropy","status":"publish","type":"page","link":"https:\/\/2021.fgmtl.org\/staging\/en\/programs\/culture\/mecenat-musica-program-for-cultural-philanthropy\/","title":{"rendered":"M\u00e9c\u00e9nat Musica program for cultural philanthropy"},"content":{"rendered":"<h3 lang=\"fr-CA\"><span lang=\"en-CA\">M\u00e9c\u00e9nat Musica is a cultural program created by donors for donors, through the Fondation M\u00e9c\u00e9nat Musica.<\/span><\/h3>\n<p lang=\"fr-CA\"><span lang=\"en-CA\">It encourages individuals to make an in-perpetuity donation of $25,000 to a cultural organization that is close to their heart, and also encourages philanthropic families to match such donations with gifts of $250,000 or $2,500,000. 2022 marks the 8<sup>th<\/sup> edition of the program.<\/span><\/p>\n<div class=\"su-row\">\n<div class=\"su-column su-column-size-1-2\"><div class=\"su-column-inner su-u-clearfix su-u-trim\">\n<div class=\"su-youtube su-u-responsive-media-yes\"><iframe width=\"600\" height=\"400\" src=\"https:\/\/www.youtube.com\/embed\/shheD_7RQ4Y?autohide=2&amp;autoplay=0&amp;mute=0&amp;controls=0&amp;fs=1&amp;loop=0&amp;modestbranding=1&amp;rel=1&amp;showinfo=1&amp;theme=dark&amp;wmode=&amp;playsinline=0\" frameborder=\"0\" allowfullscreen allow=\"autoplay; encrypted-media; picture-in-picture\" title=\"\"><\/iframe><\/div>\n<p lang=\"fr-CA\"><span lang=\"en-CA\">An example of how M\u00e9c\u00e9nat Musica works, with an initial donation of $25,000<\/span><\/p>\n<\/div><\/div>\n<div class=\"su-column su-column-size-1-2\"><div class=\"su-column-inner su-u-clearfix su-u-trim\">\n<div class=\"su-youtube su-u-responsive-media-yes\"><iframe width=\"600\" height=\"400\" src=\"https:\/\/www.youtube.com\/embed\/9xumPH7P1Jk?autohide=2&amp;autoplay=0&amp;mute=0&amp;controls=0&amp;fs=1&amp;loop=0&amp;modestbranding=1&amp;rel=1&amp;showinfo=1&amp;theme=dark&amp;wmode=&amp;playsinline=0\" frameborder=\"0\" allowfullscreen allow=\"autoplay; encrypted-media; picture-in-picture\" title=\"\"><\/iframe><\/div>\n<p lang=\"fr-CA\"><span lang=\"en-CA\">Another example, with an initial donation of $2,500,000<\/span><\/p>\n<\/div><\/div>\n<\/div>\n<p><span class=\"cta full red cta-page\"><a href=\"mailto:appariement@fgmtl.org\">Apply<\/a><\/span><\/p>\n[scWrapperGray]\n<h3 lang=\"fr-CA\"><span lang=\"en-CA\">Your cultural organization has to meet these six criteria to be eligible for the program:<\/span><\/h3>\n<ul>\n<li lang=\"en-CA\">Be a charity registered with the Canada Revenue Agency and be operating in Quebec;<\/li>\n<li lang=\"en-CA\">Have or create an in-perpetuity endowment fund with FGM<\/li>\n<li lang=\"fr-CA\">Be eligible for <span lang=\"zxx\"><a href=\"https:\/\/www.mcc.gouv.qc.ca\/index.php?id=5820#:~:text=Volet%20A%20%E2%80%93%20R%C3%A9gulier,de%20la%20subvention%20du%20programme.\" target=\"_blank\" rel=\"noopener noreferrer\">volet A<\/a><\/span> (component A) of the Minist\u00e8re de la Culture et des Communications du Qu\u00e9bec\u2019s M\u00e9c\u00e9nat Placements Culture program<\/li>\n<li lang=\"fr-CA\"><span lang=\"en-CA\">Have already received support from the \u00ab\u00a0<\/span><span lang=\"zxx\"><a href=\"https:\/\/www.canada.ca\/en\/canadian-heritage\/services\/funding\/cultural-investment-fund\/endowment-incentives.html\" target=\"_blank\" rel=\"noopener noreferrer\"><span lang=\"en-CA\">Endowment Incentives<\/span><\/a><\/span><span lang=\"en-CA\">\u00a0\u00bb component of the Canada Cultural Investment Fund (Canadian Heritage) or have submitted an application accepted by Canadian Heritage (exception: matching category D)<\/span><\/li>\n<li lang=\"fr-CA\"><span lang=\"en-CA\">Accept M\u00e9c\u00e9nat Musica\u2019s\u00a0<\/span><a href=\"https:\/\/www.mecenatmusica.com\/conditions\" target=\"_blank\" rel=\"noopener noreferrer\"><span lang=\"zxx\"><span lang=\"en-CA\">terms and c<\/span><\/span><span lang=\"zxx\">onditions <\/span><\/a><span lang=\"en-CA\">\u00a0and sign the form that details them<\/span><\/li>\n<li lang=\"en-CA\">The organization must not have received any subsidies from any edition of the M\u00e9c\u00e9nat Musica program since 2013. The organization must confirm, by providing a copy of the donor\u2019s cheque, or a proof of bank transfer, that its donors are either individuals* who have given $25,000 or more, or families that have given $250,000 or more.<\/li>\n<\/ul>\n<p lang=\"en-CA\">* Tax credits: For an individual, the net cost of a gift of $25,000 in cash is <span lang=\"en-CA\">$6,750 after accounting for tax credits, thanks to an added tax credit from the province of Qu\u00e9bec for a major gift to a recognized cultural organization, which can only be used once in a lifetime, up until December 31, 2022. The net cost of a gift of $25,000 in public shares (where the value reflects a large unrealized gain) can be as low as $7,521. The calculation of the net cost after tax presumes that the individual resides in Qu\u00e9bec and has a taxable income that is high enough to absorb the tax credits attributed to the gift. <a href=\"http:\/\/www.cqff.com\/liens\/dons_culture_qc.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">More information<\/a>.<\/span><u><\/u><\/p>\n<p><span class=\"cta full red cta-page\"><a href=\"mailto:appariement@fgmtl.org\">Apply<\/a><\/span><\/p>\n[\/scWrapperGray]\n<h3 lang=\"en-CA\">The organization can apply for one of the following matching grants: (A, B, E or D)<\/h3>\n<div class=\"su-accordion su-u-trim\">\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>A - For eligible cultural organizations<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">\n<h5 lang=\"en-CA\">Matching grant of $25,000 or $ 50,000 offered by M\u00e9c\u00e9nat Musica<\/h5>\n<ul>\n<li><strong>A.1 <\/strong>If the cultural organization deposits in its FGM in-perpetuity endowment fund two (2) donations of $25,000* from two different individuals, M\u00e9c\u00e9nat Musica will allocate a matching grant of $25,000 to the organization\u2019s fund.<\/li>\n<\/ul>\n<p><strong>OR<\/strong><\/p>\n<ul>\n<li><strong>A.2 <\/strong>If the cultural organization deposits in its FGM in-perpetuity endowment fund a maximum of four (4) donations of $25,000* from four different individuals, M\u00e9c\u00e9nat Musica will allocate a matching grant of $50,000 to the organization\u2019s fund.<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.mecenatmusica.com\/exemples\" target=\"_blank\" rel=\"noopener noreferrer\">Example A<\/a><\/p>\n<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>B - For cultural organizations whose most recent financial statements show income of more than $1,000 000<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">\n<h5 lang=\"en-CA\">Matching grant of $100,000 offered by M\u00e9c\u00e9nat Musica<\/h5>\n<ul>\n<li>\n<p lang=\"fr-CA\"><span lang=\"en-CA\">If the cultural organization deposits in its FGM in-perpetuity endowment fund ten (10) donations of $25,000* from 10 different individuals, M\u00e9c\u00e9nat Musica will allocate a matching grant of $100,000 to the organization\u2019s fund.<\/span><\/p>\n<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.mecenatmusica.com\/exemples\" target=\"_blank\" rel=\"noopener noreferrer\">Example B<\/a><\/p>\n<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>D - Cultural organizations not eligible for the Canadian Heritage program<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">\n<h5 lang=\"en-CA\">Matching grant of up to $100,000 offered by M\u00e9c\u00e9nat Musica<\/h5>\n<ul>\n<li><span class=\"h2_modif_16\"><strong>D.1 <\/strong><\/span>If the cultural organization deposits in its FGM in-perpetuity endowment fund eight (8) donations of $25,000* from eight different individuals OR an amount of $250,000 from a family, or their company or their family foundation, M\u00e9c\u00e9nat Musica will allocate a matching grant of $50,000 to the organization\u2019s fund.<\/li>\n<\/ul>\n<p><strong>OR<\/strong><\/p>\n<ul>\n<li><span class=\"h2_modif_16\"><strong>D.2 <\/strong><\/span>If the cultural organization deposits in its in-perpetuity FGM endowment fund ten (10) donations of $25,000* each from ten different individuals AND two (2) donations of $250,000 from two different families, their companies or their family foundations, M\u00e9c\u00e9nat Musica will allocate a matching grant of $100,000 to the organization\u2019s fund.<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.mecenatmusica.com\/exemples\" target=\"_blank\" rel=\"noopener noreferrer\">Example D<\/a><\/p>\n<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>E - For cultural organizations whose most recent financial statements show income of more than $2,500,000<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">\n<h5 lang=\"en-CA\">Matching grant of $100,000 offered by M\u00e9c\u00e9nat Musica<\/h5>\n<ul>\n<li>\n<p lang=\"en-CA\">If the cultural organization deposits in its FGM in-perpetuity endowment fund six (6) donations of $25,000* each from six individuals AND an amount of $250,000 from a family, or their company or their family foundation, M\u00e9c\u00e9nat Musica will allocate a matching grant of $100,000 to the organization\u2019s fund.<\/p>\n<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.mecenatmusica.com\/exemples\" target=\"_blank\" rel=\"noopener noreferrer\">Example E<\/a><\/p>\n<\/div><\/div>\n<\/div>\n<p lang=\"fr-CA\">The 8<sup><span class=\"style10sup\">th<\/span><\/sup> Edition of the FGM M\u00e9c\u00e9nat Musica matching program will end on November 20, 2022, at 4p.m., or when the program&rsquo;s capital is fully distributed, whichever comes first. The deadline for submitting a grant application to Canadian Heritage is December 1st, 2022.<\/p>\n<p>Matching grants will be awarded on November 26, 2022, on a first-come, first-served basis (as determined by dates of deposits of donations to the in-perpetuity endowment fund and compliance with criteria).<\/p>\n<p lang=\"fr-CA\"><span lang=\"en-CA\">For more information, see the <\/span><span lang=\"zxx\"><a href=\"http:\/\/www.mecenatmusica.com\/\">M\u00e9c\u00e9nat Musica<\/a><\/span><span lang=\"en-CA\"> website, email <a href=\"mailto:appariement@fgmtl.org\">appariement@fgmtl.org<\/a> or call <\/span><a href=\"tel:5148660808\"><span lang=\"zxx\">514-866-0808<\/span><span lang=\"zxx\"><span lang=\"en-CA\">, local <\/span><\/span><span lang=\"zxx\">124.<\/span><\/a><\/p>\n<p><span class=\"cta full red cta-page\"><a href=\"mailto:appariement@fgmtl.org\">Apply<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>M\u00e9c\u00e9nat Musica is a cultural program created by donors for donors, through the Fondation M\u00e9c\u00e9nat Musica. It encourages individuals to make an in-perpetuity donation of $25,000 to a cultural organization that is close to their heart, and also encourages philanthropic families to match such donations with gifts of $250,000 or $2,500,000. 2022 marks the 8th [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":898,"parent":1081,"menu_order":30,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categorie-comite":[],"class_list":["post-1098","page","type-page","status-publish","has-post-thumbnail","hentry"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>M\u00e9c\u00e9nat Musica program for cultural philanthropy - Fondation du Grand Montr\u00e9al - STAGING<\/title>\n<meta name=\"description\" content=\"M\u00e9c\u00e9nat Musica is a program created by donors for donors. 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