Mécénat Musica Program

Mécénat Musica - Cultural Philanthropy Incitement Program – 3rd Edition

The Foundation of Greater Montreal (FGM) is pleased to announce the 3rd Edition of the Fondation Mécénat Musica grant-matching program. Mécénat Musica is a cultural program created by donors for donors. It encourages individuals to make an in-perpetuity donation of $25,000 to a cultural organization that is important to them, and it encourages philanthropic families to match these individuals’ donations with donations of $250,000 or $2,500,000.


A Mécénat Musica exemple,
with a $25,000 initial donation


An example of how the program works,
from a donation of $ 2,500,000






To be eligible, the donor’s cultural organization must meet the following five criteria:
  1. Be a charity registered with Canada Revenue Agency and operating in Quebec;
  2. Have or create an in-perpetuity endowment fund with the FGM;
  3. Be eligible for the Mécénat Placements Culture (MPC) program, volet A (Ministère de la Culture et des Communications du Québec);
  4. Have already received support from the “Endowment Incentives” component of the Canada Cultural Investment Fund (Canadian Heritage), or have submitted an application accepted by Canadian Heritage (except for matching grant D);
  5. Accept and sign the Mécénat Musica Conditions.
To receive the matching grants of the Mécénat Musica Program, the donor’s cultural organization must:
  • Not have received matching grants under FGM Mécénat Musica 2017 Components 1 and 2;
  • Confirm, by providing a copy of donors’ cheques or wire transfers, that donors are individuals who donate $25,000 or more, or families who donate $250,000 or more.

    *The net cost to an individual of a $25,000 cash donation, after personal tax credits, can be $6,750, thanks to, among other credits, an additional tax credit from Revenue Québec for one large cultural donation, which can only be claimed by the donor once in his or her lifetime, until December 31, 2022. 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. After-tax cost assumes the individual is a Quebec resident and has sufficient taxable income to absorb the donation tax credits.
    http://www.cqff.com/liens/dons_culture_qc.pdf
The organization may apply for one of the following Mécénat Musica Program matching grants (A, B, C or D):

A. All eligible cultural organizations: Matching grant of $25,000 or $50,000
  • If the cultural organization deposits donations of $25,000* each from two (2) two different individuals in its in-perpetuity endowment fund with the FGM, the Mécénat Musica Program will distribute a matching grant of $25,000 to the organization's fund,
    OR
  • If the cultural organization deposits donations of $25,000* each from four (4) different individuals in its in-perpetuity endowment fund with the FGM, the Mécénat Musica Program will distribute a matching grant of $50,000 to the organization's fund.

    Example A: www.mecenatmusica.com/exemples
B. Cultural organization with revenues of more than $1,000,000 in its most recent financial statements: Matching grant of $100,000
  • If the cultural organization deposits donations of $25,000* each from eight (8) different individuals in its in-perpetuity endowment fund with the FGM, the Mécénat Musica Program will distribute a matching grant of $100,000 to the organization's fund.

    Example B: www.mecenatmusica.com/exemples
C. Cultural organization with revenues of more than $2,500,000 in its most recent financial statements: Matching grant of $250,000
  • If the cultural organization deposits donations of $25,000* each from ten (10) different individuals AND two donations of $250,000 from each of two families, their companies or their family foundations) in its in-perpetuity endowment fund with the FGM, the Mécénat Musica Program will distribute a matching grant of $250,000 to the organization's fund.

    Example C: www.mecenatmusica.com/exemples
D. Cultural organization not eligible for Canadian Heritage : Matching grant of up to $100,000
  • If the cultural organization deposits $200,000 from one or more individuals (minimum of $25,000 per individual) or $250,000 from one family, its company or its family foundation, in its in-perpetuity endowment fund with the FGM, the Mécénat Musica Program will distribute a matching grant of $50,000 to the organization's fund,
    OR
  • If the cultural organization deposits $400,000 from one or more individuals (minimum $25,000 per individual) or $250,000 from each of two families, their companies or their family foundations, in its in-perpetuity endowment fund with the FGM, the Mécénat Musica Program will distribute a matching grant of $100,000 to the organization's fund.

    Example D: www.mecenatmusica.com/exemples
The 3rd Edition of the FGM Mécénat Musica matching program will end on November 20, 2018, at 4:00 p.m., or when the program's capital is fully distributed, whichever comes first, considering that the deadline for submitting a grant application to Canadian Heritage, for donations raised in 2018, is November 30, 2018.

Matching grants will be awarded on November 22, 2018, on a first-come, first-served basis (as determined by dates of deposits of donations to the in-perpetuity endowment fund and compliance with criteria).

For more information, please visit Fondation Mécénat Musica’s website (www.MecenatMusica.com), and then contact the Fondation du Grand Montréal (FGM): Linda Tchombé, Project Manager, Philanthropic Development linda.tchombe@fgmtl.org, 514-866-0808 ext:104.




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