Quebec government ensures MMFA’s financial sustainability
The Montreal Museum of Fine Arts (MMFA) wishes to thank the Quebec government, Marie Montpetit, Minister of Culture and Communications and Minister Responsible for the Protection and Promotion of the French Language, and Carlos J. Leitão, Minister of Finance, who today announced, in the presentation of the 2018-2019 provincial budget, an additional $10 million in financial support over five years to the MMFA.
Repeated cuts since 2010 have placed the Museum in a tenuous financial situation. With the additional aid announced, the MMFA’s annual grant will be $15.2 million, equivalent to what it was in 2010-2011 and similar to what it was in 1992 ($15.9 million). The Museum welcomes this announcement with considerable relief. The additional financial support will enable it to maintain better budget balance and continue its artistic, social and educational mission.
“On my own behalf and that of the MMFA’s Board of Trustees, I would like to thank the Quebec government for recognizing that it is important to ensure the sustainability of our funding. With this gesture of confidence, the Museum will be able to plan for the longer term, based on its financial capability for continuing its mission,” said Jacques Parisien, Chairman of the Board.
“We’re relieved to be back at the level of funding we had in 2010 for the next five years, following the repeated cuts we experienced since 2010. The Corbo report cited the underfunding of major museums. While our performance was applauded, our financial situation was fragile despite our success. We thank the Quebec government for its assistance to various Quebec cultural institutions, including the MMFA. This confidence acknowledges our institution’s work and performance as an inspiring driver of social progress and innovation that is internationally recognized,” added Nathalie Bondil, the Museum’s Director General and Chief Curator.
Caption : Michal and Renata Hornstein Pavilion, exterior view. The Montreal Museum of Fine Arts. Photo Terry Rishel.