Anthony Housefather

Your member of parliament for


Mount-Royal

Anthony Housefather

Your member of parliament for


Mount-Royal

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Housefather announces federal funding for Segal Centre

By: Joel Goldenberg

Mount Royal MP Anthony Housefather announced last week more than $650,000 in federal funding for the Segal Centre, from the Canada Cultural Investment Fund.

“I am thrilled to see such a considerable amount of money going to this important arts institution,” Housefather stated. “I cannot wait to see the incredible work that the Segal Centre will be able to continue to do in the coming year because of this grant money.”

Lisa Rubin, Segal Centre artistic and executive director, thanked Canadian Heritage Minister Melanie Joly and her department “for its longstanding support and for recognizing the invaluable partnership between philanthropy and the arts.”

Housefather’s announcement points out that tha Canada Cultural Investment Fund “helps arts and heritage organizations to be better rooted and recognized in their communities by encouraging private sector investment, partnership and sound business practices through three components— endowment incentives, strategic initiatives and limited support to endangered arts organizations.

“The Segal Centre’s grant stems from the endowment component, which encourages private donors to contribute to endowment funds for not-for-profit professional arts organizations, so they can access new sources of funding in the future,” the announcement adds. “The Endowment Incentives Component is a matching fund, which means that the government provides funds of up to one dollar for every dollar raised from private donors.”

The Endowment Incentives Component also “encourages cultural organizations to build new revenue streams as raising capital and creating endowments gives these organizations greater capacity for realizing artistic expression by supporting their long-term stability.”