The government of Ontario has announced a new, three-year $27 million arts investment fund to be managed by the Ontario Arts Council (OAC). The fund, which is designed to strengthen not-for-profit arts organizations that are funded by the OAC, will be augmented by an additional $1.1 million over three years for English and French magazine and book publishers -- including for-profit companies which are ineligible for the arts investment fund. Ontario's many not-for-profit literary and cultural magazines will, however, be eligible for the arts investment fund.
“We are augmenting the province’s generous support to the arts by directing some of OAC’s administrative surplus to the English and French book and magazine publishing sectors ,” said Martha Durdin, OAC Chair. “This investment recognizes the contributions made by book and magazine publishers to our literary identity.”
The OAC has hired Cathryn Gregor, former CEO of the Toronto Symphony Orchestra, as manager of the fund.
Further information on the fund will shortly be sent to eligible organizations.