October 4, 2021
Today, the Board of Directors announced the difficult decision to cease operations of Canadian Art after 37 years, due to its financial position and revenue loss directly resulting from the COVID pandemic.
Canadian Art had been operating at a reduced capacity for the past seven months, pausing both the summer issue and online publishing to deal with unprecedented financial circumstances.
After thoroughly exhausting all options to allow Canadian Art to survive, the Board began the process of pursuing a wind-up that would best maintain the organization’s charitable status, protect the stewardship of its cultural assets for the future, and maximize recoveries to stakeholders such as employees, landlords, trade creditors.
The pandemic has disproportionately affected arts and culture institutions and organizations across Canada and we know that this will leave a hole in the Canadian arts landscape. To preserve the archives of Canadian Art, one pristine copy of all CA magazines will be donated to the AGO with the aim to eventually provide digital public access for future generations.
We once again express our deep appreciation to every supporter, writer, artist, curator, donor, funder, and member of our creative community. It is because of you that Canadian Art became a beloved and essential hub for critically engaged writing and discourse on the art and culture of our time.
Board of Canadian Art Foundation
Lee Matheson, Co-Chair
Elizabeth (Dori) Tunstall, Co-Chair
For more information, please contact Canadian Art Foundation, email@example.com
Toronto, Ontario, October 4, 2021