VPAC18H3 Lecture Notes - Lecture 5: Ontario Trillium Foundation, Mush
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Vpac18h3 s: fundraising and development in the arts. Go(cid:448)e(cid:396)(cid:374)(cid:373)e(cid:374)t fu(cid:374)di(cid:374)g is (cid:374)ot the sa(cid:373)e as a do(cid:374)atio(cid:374) ((cid:374)ot gi(cid:448)e(cid:374) out of good(cid:449)ill; a(cid:396)(cid:373)"s length principle adheres to the policy-driven mandate of the agency) Rfp = request for proposals; asking somebody to bid on a job to write proposals. Usually founded by and named after wealthy individuals/families; leaving legacies and (cid:272)o(cid:374)t(cid:396)i(cid:271)uti(cid:374)g to a(cid:374) o(cid:396)ga(cid:374)izatio(cid:374)"s (cid:373)issio(cid:374) a(cid:374)d goals: wealthy = high net worth. Example from the book: the winnipeg foundation: contribution to the municipality for the benefits of that municipality. Why set up a charitable foundation: charitable receipts to donors who add assets to their foundation, major corporations are sheltered from taxation. If fou(cid:374)datio(cid:374)s a(cid:396)e (cid:374)ot i(cid:374) (cid:272)o(cid:373)plia(cid:374)(cid:272)e (cid:449)ith the cra"s (cid:396)ules, the(cid:374) they may be audited or lose their charitable status. Can be set up by an individual or a family with high net worth (wealth); municipality as community foundation, winnipeg, toronto; corporations (td friends of the.
