3. Assessment process and criteria
- 3.1 How, and to what extent, does the associate foundation:
- 3.2 How, and to what extent, does the professional arts organization:
After we have received a complete application, the eligibility of the organization and the foundation is evaluated. The evaluation is based on the information provided in the Application Form and all supporting documents.
Additional information may be requested to enhance the assessment process. Should the applicants meet the eligibility requirements, their application will be further assessed on the organizational, administrative and financial viability of their organization according to the following criteria.
3.1 How, and to what extent, does the associate foundation:
- possess a governance structure, investment policies and practices, and management capability that will safeguard the financial assets under its responsibility;
- demonstrate that previous grants and private donations raised have been deposited and secured in the foundation's assets.
3.2 How, and to what extent, does the professional arts organization:
- demonstrate a commitment to best practices in management and organizational development in the areas of human resources, finance, board governance, and succession planning;
- demonstrate a commitment to prudent financial control and planning;
- demonstrate sound business planning based on a rigorous analysis of the organization's needs.
- demonstrate a commitment to its long-term sustainability.
If the organization cannot adequately demonstrate these areas, the Department reserves the right to reject the application.
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