The Symphony New Brunswick Foundation got a nearly $200, 000 boost from the Federal government.
The foundation received a matching grant from the Canada Cultural Investment Fund through Canadian Heritage.
“Growth in the assets held by Symphony New Brunswick Foundation is one of the most important factors in sustaining the Symphony in our province and keeping its artistic standard at a very high level. We are very grateful for the support provided by the Government of Canada through the Canada Cultural Investment Fund. This program provides a powerful incentive for private sector donors to give to our Foundation,” said Symphony Director Reid Parker.
Private donations and government grants are held in the Foundation’s permanent endowment fund with income earned distributed to symphony operations.
“The emotion that emanates from a musical piece presented live on stage by a high-calibre orchestra such as Symphony New Brunswick is invaluable,” said Pablo Rodriguez, Minister of Canadian Heritage. “The Government of Canada is proud to contribute to the sustainability of professional arts organizations, which have been particularly hard hit by the COVID-19 pandemic, by matching private sector donations. Since 2007, we have invested $2.4 million in the Symphony New Brunswick Foundation endowment fund through the Endowment Incentives component of the Canada Cultural Investment Fund. This fund strengthens the ability of professional organizations to achieve their goals of artistic expression and ensures their long-term sustainability, which is very good news for the arts sector across Canada and the jobs that depend on it.”
“I am happy be part of a Federal Government that recognizes the importance of arts and heritage organizations. Symphony New Brunswick, the province’s only full professional orchestra, is a fantastic organization and I am so pleased to be able to support them so that they can continue the great work they do,” Saint John-Rothesay MP Wayne Long.
