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Montréal, Sept. 12th, 2023 – Mécénat Musica program has distributed $10 million to 50 cultural organizations in Quebec since 2020 from funds administered by three partner community foundations: Foundation of Greater Montreal, the Jewish Community Foundation of Montreal and Fondation Québec Philanthrope. These distributions are from income generated by the Mécénat Musica cultural program that has created $92,000,000 of in perpetuity capital from donations from more than 600 Mécénat Musica individuals and families.
Mécénat Musica is a cultural program by donors for donors to keep culture healthy, in perpetuity, for generations to come. Mécénat Musica 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’ donations with donations of $250,000 or $2,500,000. This is a major shift in cultural philanthropy.
An individual’s net cost of a $25,000 cash donation after personal tax credits is $6,750 B (or $5,425 B) and is due, with other credits, to an additional Revenue Quebec 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 C and can be done by the donor multiple times. Watch video Mécénat Musica in Perpetuity.
Mécénat Musica Condos for Culture© encourages 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.
Mécénat Musica: Mini-Galas: duos of professional singers and instrumentalists deliver surprise thank you concerts with statuettes to Mécénat Musica donors, outside their door in gratitude.
B C Notes B and C are in the Mécénat Musica program
Mécénat Musica is a cultural program created by donors for donors. Mécénat Musica program makes a sustainable contribution to the health of all by supporting music and culture. Mécénat Musica program has created $92,000,000 of in-perpetuity capital for 50 Québec cultural organizations with large donations from more than 600 Mécénat Musica individuals and families with funds administered by three partner community foundations: Foundation of Greater Montreal, the Jewish Community Foundation of Montreal and Fondation Québec Philanthrope.
Mécénat Musica has launched several health, culture and community initiatives since March 2020 including Mécénat Musica: 5NextGen, Prix HEC Artistes, Mini-Concerts Santé (Prix Opus Événement musical de l’année 2020), Mini-Opéras Santé, Mini-Galas, ArtChoral and Prix 3 Femmes dedicated to developing new contemporary operas by emerging female and non-binary Canadian creators.
This page is also available in / Cette page est également disponible en:
Francais (French)
