Business for the Arts announces launch of artsVest™ Toronto

Toronto Arts Council will contribute $500,000 over the next two years to artsVest™ Toronto, a matching incentive and sponsorship training program for small and mid-sized arts and culture organizations. The TAC commitment to the artsVest program is being matched by a $500,000 ($250,000 per year) grant from Canadian Heritage.

“We are delighted with the success of the program across the country and welcome the opportunity to partner with the Toronto Arts Council and Toronto’s vibrant and diverse creative community to help strengthen our cultural assets,” said Nichole Anderson, President and CEO of Business for the Arts. “Since the inception of the program in 2002 to 2011, $1.6 million in matching funds has generated nearly $3.5 million in private sector sponsorship, resulting in an influx of more than $5 million to the cultural economy,”

Launched in 2002, the artsVest program helps arts and culture organizations form funding partnerships with the business community by providing them with matching incentive funds, in-depth sponsorship training and community networking events. In 2011, the program expanded nationally. For more information, visit www.businessforthearts.org or www.artsvest.com.

Application deadlines to be announced shortly. To read the press release, click here.