Am feeling blessed, humbled, and grateful to have received project support for "Requiem for Fourteen
Roses"
Thanks so much! *** From the Council for the Arts in Ottawa's website: In 1996, Corel Corporation elected to consolidate requests for funding in the various local arts disciplines by establishing the Corel Endowment Fund for the Arts. The fund would be accessible to individual artists working in all arts disciplines, with 25% of annual disbursements going to those whose work involves new technology and the arts.
Through the provision of various services, the Council for the Arts in Ottawa is in touch with the general arts
community on a day to day basis. The CAO was deemed by Corel to be the most appropriate body to administer the annual disbursements of the earned interest throughout the arts community that it is mandated to represent.
Focusing on the visual arts, a joint venture between Corel and the CAO resulted in a juried exhibition and
auction sale of paintings and sculptures by international and nationally known artists as well as those of Ottawa and the National Capital Region (100 kms surrounding Parliament Hill). This took place at the Château Laurier, on October 9, 1996.
The event, Corel VIVA! les arts was organized by the CAO and was supported by significant involvement
of the City of Ottawa, using many community volunteers. It was generously funded by Corel through both direct funding and provision of services. Corel VIVA! les arts was extraordinarily successful from educational, informational and promotional standpoints. There was a financial return of $30,000.00 made up of donations from Corel and from the dealers and artists whose works sold at the auction. This is the capital upon which the Corel Endowment Fund for the Arts is built. The Fund was further augmented by a second fundraising initiative completed in October 1997, and future collaboarations are planned.
The Board of Directors of the CAO, having examined numerous options, decided to investigate the
appropriateness of the Community Foundation of Ottawa-Carleton (CFOC) as the capital investment administrator. The understanding between the CAO and Corel Corporation is that designated funds are to be deposited with the CFOC, where the principal, being outside the reach of our organizations, becomes a permanent part of our community assets, managed by the CFOC to ensure the optimum return.
Interest from the capital will be designated in perpetuity to the CAO for annual disbursements to qualified
applicants in our area. The CAO will ensure that no more than a 20% maximum may be retained by the CAO for operational expenditures, while a minimum of 80% of the money will be distributed throughout the arts disciplines in our community. |
http://www.arts-ottawa.on.ca/awards/awards-corel-en.php
