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Case Study: Toronto Arts Foundation

Decent Essays

Compared to VAG, a conventional organization in the cultural field, the second example turns to another kind of cultural organization that plays an equally active role in the art world—the charitable foundation Toronto Arts Foundation (TAF). Toronto Arts Foundation is a non-profit (charitable) organization, with its core activities spanning across several categories. It not only focuses on organizing community events and conducting research of the Canadian creative industry, but also endeavors to connect the business world and the art world.
Over the years, TAF managed to cultivate a wide range of connections, allowing prestigious companies such as TD Bank Group, CIBC, and RBC and countless individuals to stream their financial support to the art world in an effective way. Similar to VAG, TAF also develops a highly sophisticated communication and marketing strategy. Broadly speaking, donors are categorized in two kinds, individual donors known as “Friends of the Foundation,” and corporate sponsorship …show more content…

The way TAF sets up to motivate individual sponsors is particularly innovative. As mentioned, there is no minimum requirement of monetary value requested to be involved in the sponsorship program. TAF’s sponsorship program for individuals targets two groups. The first group consists of young professionals, art lovers, and arts philanthropists. By joining the “Emerging Leaders” group , members are invited to engage in TAF’s events such as networking night and opening as a way to learn more about the art world. As it does not require any membership fee and member is only required to pay per event, this could potentially attract a diverse group consisting of art students, researchers, art lovers and young philanthropists. The other program “Creative City Circle Partner” targets the

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