Musica program announced today that it has successfully reached its $100,000,000 goal of in perpetuity capital for Québec cultural organizations, with more than 700 large donations from individuals and families.
The $100 million is administered by three collaborating community foundations: the Foundation of Greater Montreal, the Jewish Community Foundation of Montreal and Fondation Québec Philanthrope.
Mécénat Musica is a cultural program by donors for donors to keep culture healthy, in perpetuity. Mécénat Musica encourages individuals to make an in perpetuity donation of $25,000 to a cultural organization important to them (net cost after tax $6,750 A or $5,425 A) and encourages philanthropic families to match these individuals’ donations with donations of $250,000 or $2,500,000.
