Symphony Foundation Receives Federal Government Grant
SYMPHONY NEW BRUNSWICK FOUNDATION INC.
PRESS RELEASE
June 7, 2019
Symphony Foundation Receives Federal Government Grant
Symphony New Brunswick Foundation Inc. has received a grant of $212,872 from the Government of Canada.
The contribution is a matching grant from Canadian Heritage’s Canada Cultural Investment Fund – Endowment Incentives Component. The award is based upon private sector donations received by the Foundation during the twelve months ended last December 1st. Both the private donations and the government grant are held in a permanent endowment fund with income earned on these funds being contributed annually to Symphony New Brunswick’s operations.
“Investments in arts and culture help to build vibrant communities, allowing our economy to grow, creates good jobs for the middle class, and gives more Canadians the opportunity to experience the performing arts,” said the Honourable Pablo Rodriguez, Minister of Canadian Heritage and Multiculturalism. “Matching private sector donations to endowment funds of arts organizations is a great way to ensure that these institutions diversify their revenue streams in the future. To date, the Endowment Incentives component of the Canada Cultural Investment Fund has provided $1.7 million in matching funds to the Foundation for the benefit of Symphony New Brunswick Inc. This is a good example of a successful partnership between government, private sector and arts organizations.”
Saint John and Rothesay are home to a thriving arts and culture scene that is helping to drive the economic resurgence of our community, and Symphony New Brunswick is one of the key organizations driving the growth of our arts and culture scene and, in turn, our local economy. That’s why I’m pleased that our federal government is continuing to invest in this incredible organization and, in doing so, the growth of our riding’s arts and culture scene and the economic growth it drives,” said Saint John–Rothesay M.P. Wayne Long.
“Our Foundation continues to receive this very important support from the Department of Canadian Heritage,” says Reid Parker who is President of both Symphony New Brunswick Inc. and Symphony New Brunswick Foundation Inc., “Notwithstanding the turbulence in financial markets over the past few months, Symphony New Brunswick Foundation continues to grow and makes a vital annual contribution to the Symphony. We send our sincere thanks to Minister Rodriguez and his staff at Canadian Heritage for this outstanding help.”
Notwithstanding the success of the Foundation, the Symphony continues to rely heavily on ticket sales, government grants and private donations to balance its books.
Symphony New Brunswick Foundation Inc. is a registered charity based in Saint John, N.B. Although the Foundation and Symphony New Brunswick Inc. are independent organizations, the Foundation’s sole purpose is support of the programs of Symphony New Brunswick Inc.
Symphony New Brunswick Inc. operates the Province’s only full-scale, full season professional symphony orchestra as well as Camerata New Brunswick, a 20 member professional chamber orchestra. The Company also hosts the Saint John String Quartet and Ventus Machina of Moncton.
For more information about the Foundation and its activities, please contact:
Symphony New Brunswick Foundation Inc.
39 King St.
Brunswick Square, Level 3
Saint John, N.B.
E2L 4W3
symphony@nbnet.nb.ca
Phone: 506-634-8379
Facebook: www.facebook.com/symphonynb
Twitter: @SymphonyNB
