Calgary Philharmonic Foundation
The Calgary Philharmonic Foundation was formed under the Societies Act of Alberta in 1984 and is a not-for-profit organization. The Foundation is a registered charity under the Income Tax Act, and, accordingly is exempt from income taxes provided certain requirements of that Act are met. It operates independently and at arms-length from the Calgary Philharmonic Society, which manages the operations of the Calgary Philharmonic. The Foundation’s objectives are responsible stewardship and growth of its Endowment Fund so as to provide a dependable long-term revenue stream in support of the operations of the Calgary Philharmonic.
The Trustees of the Foundation, in their sole discretion, determine the amount of the contribution the Foundation makes each year to the Calgary Philharmonic.
Donations made to the Calgary Philharmonic by November 30 each year are eligible for a matching grant from the Canada Cultural Investment Fund, a program of the Federal Government’s Department of Canadian Heritage which encourages private sector investment, partnership and sound business practices to help arts and heritage organizations be better rooted and recognized in their communities. Since 2000, the Calgary Philharmonic Foundation has received more than $9M from this program.
Your donations to the Calgary Philharmonic Foundation are held in perpetuity to sustain the Calgary Philharmonic. Thanks to: (1) very generous donor gifts over the years, (2) matching government grants and (3) investment returns, the market value of the Foundation’s investments has increased to over $36M as of June 30, 2018, compared to less than $1 million at June 30, 2000. As a result, the Foundation has become in recent years the Calgary Philharmonic’s largest annual supporter, and its Endowment Fund is now the second largest endowment held by Canadian orchestras.
For more information on how to support the Calgary Philharmonic Society and the Calgary Philharmonic Foundation, please contact:
Board of Trustees
Jeremy Clark, President
Letha MacLachlan, Q.C., Vice-President
Ryan Stasynec, Treasurer
David Daly, Secretary
Shauna Walsh Cann
Financial Statement Archive
Registered Charity: 119218089RR001