HELPING KEEP TORONTO’S ARTS, DANCE, MUSEUMS, THEATRE, ETC. ALIVE DURING COVID-19

J. Kelly Nestruck and Kate Taylor on Saturday, May 15th, examined some of Canada’s biggest art endowments and why they haven’t been making full use of them. There are funding restrictions, investment policies and the up-and-down health of the stock market – key roles in decision-making as what and where to Draw from the Endowments. A few of the Endowments below – Toronto Symphony Orchestra – $41.1-million for the fiscal year ending June 30, 2020. The Art Gallery of Ontario, $84.4-million endowments along with another $23.5-million in assets. The Stratford Festival – a $93.9-million market value as of February 28, 2021, along with about half in restricted funds for areas such as training, new play development and maintaining gardens. A much more complete story is in The Globe and Mail edition, Saturday, May 15, 2021.

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