The financial situation of artistic organizations is not always fully understood. By familiarizing yourself with the financial realities, you will better understand the impact of your donation and your role as advisor, should you decide to join a Board of Directors.
The Board of Trade of Metropolitan Montreal has published over the years a wide range of documents that provide a clear picture of private funding of the arts.
In its study La culture à Montréal: impacts économiques et financement privé, for example, we discover that the cultural sector of Greater Montreal embraces more jobs than the bioscience and aerospace industries combined, with an economic spin-off of more than $8 billion. We also discover, however, that the creative heart—made up of the artists themselves—is the most fragile and least funded element. And that the private funding of artistic organizations varies widely, according to the size and discipline of the organization.
uses many of these statistics to demonstrate the importance of the cultural sector and of certain measures now in place to encourage private funding.