Identity area
Type of entity
Authorized form of name
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Other form(s) of name
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Description area
Dates of existence
History
Creative Trust operated out of Toronto as a support for mid-sized music, theatre and dance companies. Founded by Joan Bosworth, Mallory Gilbert, Claire Hopkinson and Jini Stolk, who all sat on the steering committee, Creative Trust’s purpose was to assess and aid in improving the financial standing of performing arts companies. It was funded through donations to an endowment. The endowment became the Working Capital for the Arts program, and for more than 10 years, beginning in 2002, assisted over 50 mid-size and small companies to eliminate deficits, create working capital reserves and improve their governance, planning and management skills. In total about 6 million dollars was distributed to the cultural sector through Creative Trust’s initiatives.
Once the Working Capital program was off the ground, in 2008, two new initiatives were launched. One was to help theatres attain the capital needed to ensure the organization’s future; the other was to assist theatres to create audience development programs. Creative Trust was established as a time-limited initiative, so at the end of October 2012, the Creative Trust partnered with the Toronto Arts Foundation in order to ensure the continuance of their initiatives. Upon its cessation, Jini Stolk became the inaugural Toronto Arts Foundation Creative Trust Fellow (2012-2022), continuing the legacy of Creative Trust’s programs.