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HomeMy WebLinkAboutFIN-10-076 - Musagetes Arts & Culture FundREPORT REPORT TO: Councillor Berry Vrbanovic, Chair, and Members of the Finance and Corporate Services Committee DATE OF MEETING: May 10, 2010 SUBMITTED BY: Dan Chapman, General Manager of Financial Services PREPARED BY: Dan Chapman, General Manager of Financial Services Ingrid Pregel, Manager of Cultural Development WARD(S) INVOLVED: n/a DATE OF REPORT: April 14, 2010 REPORT NO.: FIN-10-076 SUBJECT: MUSAGETES ARTS & CULTURE FUND RECOMMENDATION: That, on the recommendation of the Musagetes Arts & Culture Fund Advisor, the following grants be made from the Fund as outlined in staff report FIN-10-076: The Museum $ 269,037 Kitchener-Waterloo Art Gallery $ 200,000 Kitchener-Waterloo Symphony Foundation $ 100,000 University of Waterloo School of Architecture $ 100,000 Perimeter Institute $ 50,000 Canadian Clay & Glass Gallery $ 25,000 Total $ 744,037 That, on the recommendation of the Musagetes Arts & Culture Fund Advisor, the following grants be made from the Fund as outlined in staff report FIN-10-076, subject to the recipient qualifying as a registered charity or identifying a registered charity willing to act a sponsoring organization for their program: CAFKA $ 50,000 Open Ears Festival $ 30,000 MT (Multicultural Theatre) Space $ 20,000 Total $ 100,000 BACKGROUND: In 2005, the City of Kitchener entered into a Deed of Gift Agreement with the Kitchener and Waterloo Community Foundation (KWCF) and 1258703 Ontario Limited to receive a gift of property from the KWCF in the amount of $1.1 million. This gift established the Musagetes Arts & Culture Fund as a trust fund of the City. The agreement required the gift to be disbursed è ó ï within five years from the date of the agreement to support registered charities within the City of Kitchener carrying on charitable activities in the areas of arts and culture. The City entered into an Advisor Agreement with 1258703 Ontario Limited (the original donor of the funds) concurrently, so that the original donor could provide advice to the City with respect to the use of the gifted property. The City must disburse the remaining funds in 2010. This report provides detail with respect to proposed grants to nine organizations in order to distribute the balance of funds on the recommendation of the Advisor. REPORT: As outlined in the background section, the City received a gift of property in 2005 to establish the Musagetes Arts & Culture Fund. The purpose of the fund is to: Advance the arts in the community by supporting the visual, literary, performing and media arts; Advance the arts in the community by supporting research on the arts and on the role of the arts in the community, and by supporting arts education at all levels of education and in the community at large; Assist arts organizations in developing their arts programs and in pursuing their objectives by providing financial support for their operating programs and their capital projects; Assist meritorious individuals in the development of their artistic skills by providing them with scholarships, fellowships, bursaries and grants that will assist them in their pursuit of formal programs of study at qualified educational institutions; Assist visual, literary, performing and media artists by awarding grants to support their artistic activities and prizes to reward their artistic achievements; and Advance the visual arts by purchasing artistic work of merit and donating it to organizations and institutions that are qualified donees. Of the original $1.1 million gift, $844,037 is available to be granted as of this date. The Advisor has recommended that the balance be distributed to the organizations identified in Appendix A. Staff has reviewed these recommendations against the fund’s purpose in the appendix. Three of the proposed grant recipients do not have registered charity status. Staff recommends that the grants be withheld until these organizations achieve charitable status or identify a charity willing to receive the grant and sponsor the program. Staff will report to Council with alternative recommendations if neither of these conditions can be satisfied prior to the end of 2010. FINANCIAL IMPLICATIONS: The proposed grants totalling $844,037 will expend the balance in the Musagetes Arts & Culture Fund, in compliance with the timeline outlined in the Deed of Gift Agreement. ACKNOWLEDGED BY: Dan Chapman, General Manager of Financial Services & City Treasurer è ó î Appendix A Musagetes Arts & Culture Fund – Proposed Grants Organization Proposed CharitableAlignment with Fund Other Comments Grant Status?Purpose / Anticipated Use of Funds The Museum $119,037 Yes Operating grant to assist (formerly Waterloo (operating) with current operating Regional Children’s shortfall and pay for a $150,000 Museum)senior development staff (endowment) person for 6 months; Endowment to support ongoing operations Kitchener-Waterloo $200,000 Yes To establish an Art Gallery (endowment) endowment named after Allan Harding MacKay to cover the cost of a special exhibit to be held at the Gallery as income permits Kitchener-Waterloo $100,000 Yes To help cover costs of Symphony(endowment) operations at the Conrad Foundation Centre for the Performing Arts University of $100,000 Yes To support ongoing Regional residents benefit Waterloo School of (operating) operations at the from collaborations such Architecture Musagetes Library as Symphony of Design regional city building architecture highlights video and show Perimeter Institute $50,000 Yes To support arts and Regional residents benefit (operating) culture outreach from participation in the annual Quantum to Cosmos program Canadian Clay and $25,000 Yes To support forthcoming Collaborates with City of Glass Gallery (operating) exhibitions Kitchener based venues such as The Waterloo Regional Children’s Museum on programs CAFKA $50,000 No To support 2010 and Will require charitable (operating) 2011 operations status or sponsor Open Ears Festival $30,000 No To provide ongoing Will require charitable (operating) operational support for status or sponsor the organization MT (Multicultural $20,000 No To support ongoing Will require charitable Theatre) Space (operating) production work at the status or sponsor organization Total $844,037 è ó í