Art Bank
 |
|
| Formation | 1957 |
|---|---|
| Type | Crown Corporation |
| Legal status | active |
| Purpose | advocate and public voice, educator and network |
| Headquarters | Ottawa, Ontario |
|
Region served
|
Canada |
|
Official language
|
English, French |
| Affiliations | Art Bank, |
| Website | www |
The Canada Council for the Arts (French: Conseil des Arts du Canada), commonly called the Canada Council, is a Crown Corporation established in 1957 to act as an arts council of the government of Canada, created to foster and promote the study and enjoyment of, and the production of works in, the arts. It funds Canadian artists and encourages the production of art in Canada. The current board chair of the Canada Council is Pierre Lassonde.
The Canada Council is an arms-length agency based in Ottawa, Ontario, that reports to the Crown through the Minister of Canadian Heritage. Its endowment income is supplemented by annual appropriations from parliament, donations, and bequests. Its main duty is allotting grants to Canadian artists based on the merits of their applications. The council also funds and administers many of Canada's top arts awards, including the Governor General's Literary Awards.
The council has six main divisions. Each of these co-ordinates grant-giving to a different area of the arts:
These are complemented by three groups that work with all the sections:
The Canada Council has supervisory authority over the Art Bank. The Art Bank is a division of the Canada Council for the Arts whose mandate is to rent works of art to public and private sector offices. It has the largest collection of contemporary Canadian art in the world. The collection includes some 18,000 artworks, 6,400 of which are currently rented to more than 200 government and corporate clients.
Established in the 1970s the Art Bank buys art from notable Canadian artists through a system of peer review juries. The bank is completely self-funded, earning its money from renting out works in its collection. The Bank continues to expand its collection by buying works in accord with its annual purchasing budget. The vast majority of its art is rented by the Federal government, with less than ten percent being rented to the private sector. Works of art are rented out for two-year periods. The rental rate is generally 20% of the piece's market value. Although the Art Bank is located in Ottawa, Ontario it services its clients across the country. Its collection has been appraised to be worth over 71 million dollars.
...
Wikipedia