Comments on Funding:
Funding is as follows:
- 33% of total project costs (to a maximum of 3 times the private sector sponsorships and donations) for project expenses of more than $1 million.
- 50% of total project costs (to a maximum of 5 times private sector sponsorships and donations) for project expenses between $100,000 and $1 million.
- up to 66% of total project costs for project expenses of less than $100,000; the same way funding will apply for all projects from Northern Ontario or projects coming from cities and municipal regions of less than 100,000 inhabitants.
Funding will take the form of a partially repayable loan. The maximum repayment levels range from 30% to 50% of the OCAF investment and depend on the size of your organization and where it’s located.
To be eligible, projects must meet all of the following criteria:
Stage 1 application requires the applicant to complete a two-page form with basic information about the proposed project and target market. Based on the feedback from the OFAC Board, applicants might go to Stage 2.
Stage 2 which requires the development of a detailed business case that includes a marketing plan, attendance and revenue projections, and an analysis of the benefits of the project to the community. Stage 2 applications should be assessed by the OCAF Board approximately six months prior to an event. They are open to relaxing these timelines in light of the challenges presented by the Covid-19 health crisis.
First time applicants, and those requiring further information or assistance with the application, should contact OCAF staff prior to submitting a Stage 1 application. Organizations must start the application process approximately eight months prior to an event. Applicants may receive OCAF support no more than once every two years.
Applicants must provide: Not-for-profit organizations incorporated under the Corporations Act of Ontario must provide:
- audited financial statements as part of their application if their annual revenues are over $100,000;
- the extraordinary resolution waiving the requirement to provide an audit if their annual revenues are under $100,000 and if the members of their corporation passed such a resolution OR audited financial statements if they did not passed such a resolution.
Not-for-profit organizations incorporated under the Canada Corporations Act must:
- provide audited financial statements as part of their application if their annual revenues are over $250,000;
- provide the extraordinary resolution to require a review engagement instead if their annual revenues are over $50,000 and up to $250,000 and if the members of their corporation pass such a resolution OR audited financial statements if they did not passed such a resolution.
- conduct review engagement if their annual revenues are $50,000 or less.
Other Things to Note:
The Ontario Cultural Attractions Fund is a program of the Government of Ontario through the Ministry of Heritage, Sport, Tourism and Culture Industries and administered by the Ontario Cultural Attractions Fund Corporation.
There are six application deadlines for Stage 2 each year.
- Stage 1 applications may be submitted anytime.
- We are open to relaxing these timelines in light of the challenges presented by the Covid-19 health crisis. Please contact Thomas Vaughan at firstname.lastname@example.org to discuss the eligibility of your event.