On Friday, July 17, 2020, Sport, Culture and Heritage Minister Cathy Cox announced the provincial government is creating dedicated endowment funds to support Manitoba’s seven signature museums.
$1.4 million will be put into each endowment fund. The interest generated will be used to support each of the museums. It is estimated that the funds will each generate about $62,000 in interest this year.
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“Our government is proud to help the seven signature museums continue to showcase and tell Manitoba’s unique stories and the Signature Museum Sustainability Funds, along with the Signature Museum Capacity Building Fund will help ensure these organizations have permanent, sustainable funding into the future,” said Cox. “These additional investments comes at a time when many Manitoba families are staying within our province and spending more time exploring our own beautiful backyard.”
Additionally, the signature museums will have access to about $10,000 for training each year through the proceeds of a $200,000 Signature Museum Capacity Building Fund that will also be managed by The Winnipeg Foundation.
© News4.ca 2020
