{"id":36359,"date":"2023-09-12T09:47:59","date_gmt":"2023-09-12T13:47:59","guid":{"rendered":"https:\/\/fgmtl.org\/?p=36359"},"modified":"2023-09-12T09:47:59","modified_gmt":"2023-09-12T13:47:59","slug":"mecenat-musica-has-distributed-10-million-to-50-quebec-cultural-organizations-since-2020","status":"publish","type":"post","link":"https:\/\/2021.fgmtl.org\/staging\/en\/mecenat-musica-has-distributed-10-million-to-50-quebec-cultural-organizations-since-2020\/","title":{"rendered":"M\u00e9c\u00e9nat Musica has distributed $10 million to 50 Quebec cultural organizations since 2020"},"content":{"rendered":"<p><em>The Foundation of Greater Montr\u00e9al is proud to support the\u00a0M\u00e9c\u00e9nat Musica\u00a0program for cultural philanthropy, through the management of a share of its matching funds. We are glad to share this announcement.<\/em><\/p>\n<p><strong>Montreal, September 12th, 2023 \u2013 <\/strong>The M\u00e9c\u00e9nat\u00a0Musica program has distributed $10 million to <a href=\"https:\/\/www.mecenatmusica.com\/organizations-list\">50 cultural organizations in Quebec<\/a> since 2020, from funds administered by three partner community foundations: the <a href=\"https:\/\/fgmtl.org\/en\/receive-funding\/programs\/culture\/mecenat-musica-program-for-cultural-philanthropy\/\">Foundation of Greater Montreal<\/a>, the Jewish Community Foundation of Montreal and Fondation Qu\u00e9bec 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 <a href=\"https:\/\/www.mecenatmusica.com\/donors-list\">600 individuals and families<\/a>.<\/p>\n<p>M\u00e9c\u00e9nat 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\u2019 donations with donations of $250,000 or $2,500,000. This is a major shift in cultural philanthropy.<\/p>\n<p>An individual\u2019s net cost of a $25,000 cash donation after personal tax credits is $6,750 <sup>B<\/sup> (or $5,425<sup> B<\/sup>) and is due, with other credits, to an additional Revenu Qu\u00e9bec 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 <sup>C<\/sup> and can be done by the donor multiple times.<\/p>\n<div class=\"su-youtube su-u-responsive-media-yes\"><iframe width=\"600\" height=\"400\" src=\"https:\/\/www.youtube.com\/embed\/7BgY60DnYu4?autohide=2&amp;autoplay=0&amp;mute=0&amp;controls=1&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=\"M\u00e9c\u00e9nat Musica in perpetuity $25,000 (M\u00e9c\u00e9nat Musica 142.1b)\"><\/iframe><\/div>\n<p><em>M\u00e9c\u00e9nat Musica <\/em><a href=\"https:\/\/www.mecenatmusica.com\/condos\"><em>Condos for Culture<\/em><em>\u00a9<\/em><\/a>\u00a0encourages 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.<\/p>\n<p><em>M\u00e9c\u00e9nat\u00a0Musica: Mini-Galas: <\/em>duos of professional singers and instrumentalists deliver surprise thank you concerts with statuettes to M\u00e9c\u00e9nat\u00a0Musica donors, outside their door in gratitude.<\/p>\n<p><strong><sup>B C<\/sup><\/strong> <a href=\"https:\/\/www.mecenatmusica.com\/program\"><em>Notes B and C are in the M\u00e9c\u00e9nat\u00a0Musica program<\/em><\/a><\/p>\n<p>M\u00e9c\u00e9nat 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 Qu\u00e9bec cultural organizations with large donations from more than <a href=\"https:\/\/www.mecenatmusica.com\/donors-list\">600 individuals and families <\/a>with funds administered by three partner community foundations: Foundation of Greater Montreal, the Jewish Community Foundation of Montreal and Fondation Qu\u00e9bec Philanthrope.<\/p>\n<p>The program has launched several health, culture and community initiatives since March 2020 including M\u00e9c\u00e9nat Musica: <em>5NextGen, <\/em><em>Prix HEC Artistes<\/em>, <em>Mini-Concerts Sant\u00e9 (Prix Opus \u00c9v\u00e9nement musical de l\u2019ann\u00e9e 2020), Mini-Op\u00e9ras Sant\u00e9, Mini-Galas, ArtChoral <\/em>and <em>Prix 3 Femmes<\/em> dedicated to developing new contemporary operas by emerging female and non-binary Canadian creators.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M\u00e9c\u00e9nat\u00a0Musica 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 Qu\u00e9bec Philanthrope.<\/p>\n","protected":false},"author":12,"featured_media":898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,48],"tags":[],"class_list":["post-36359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases-news"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - 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