NEW FUNDING SCHEME LAUNCHED
24 Sep 2012
Creative New Zealand’s new Matched Funding Scheme provides financial incentives to help arts, culture and heritage organisations to increase donations and sponsorship.
The scheme will match a new donation or new business sponsorship to an organisation on a $1:$1 basis. It will also match existing donations and sponsorships if contributions are double that of previous years, also on a $1:$1 basis. A total of $180,000 is available for the Creative Giving Matched Funding scheme in the year ending June 30 2013. The scheme will run over three financial years.
The Matched Funding Scheme is part of Creative New Zealand’s $1.05m Creative Giving pilot programme, launched in July. Creative Giving also provides advice, mentoring and support to organisations so they can diversify and increase the funding they receive from individual donors, businesses, trusts and foundations.
All New Zealand arts, cultural or heritage organisations registered as a New Zealand charity or with tax donee status are eligible to apply for Matched Funding. However, priority will be given to organisations that have engaged with other aspects of the Creative Giving programme, such as mentoring and workshops.
“Our research shows that there is strong potential for arts, culture and heritage organisations to boost their incomes through private giving. This exciting new initiative provides an important incentive for building new partnerships and enhancing existing ones,” says Creative New Zealand’s Chief Executive, Stephen Wainwright.
The minimum donation or sponsorship to be matched under the scheme is $5,000 and the maximum is $20,000. No organisation can receive more than $20,000 in any financial year.
Creative Giving is the result of recommendations from Creative New Zealand-commissioned research The Art of the Possible: Strengthening Private Sector Support for the Arts in New Zealand (October, 2010); and recommendations from the Cultural Philanthropy Taskforce’s report Growing the Pie: Increasing the Level of Cultural Philanthropy in Aotearoa New Zealand, (December, 2010).
The Cultural Philanthropy Taskforce was established by the Minister for Culture and Heritage and included representatives from arts sector and arts patrons.
Creative New Zealand is working with the Arts Foundation and Philanthropy New Zealand as part of the Ministry for Culture and Heritage’s Cultural Philanthropy Steering Group, which aims to increase private giving to arts and cultural organisations.
For more information on the Creative Giving matched funding scheme, go to www.creativenz.govt.nz/creativegiving
For media information and interview requests, please contact:
Rebecca Lancashire | Senior Communications Adviser
Creative New Zealand | Old Public Trust Building, 131-135 Lambton Quay
PO Box 3806 | Wellington 6140
T +64 4 473 0880 | DDI +64 4 498 0725| M +64 (0) 27 677 8070 | F +64 4 471 2865