Cultural Endowment
The Florida Cultural Endowment Program provides state-matched funds to help cultural organizations build permanent endowments, using interest income to support ongoing cultural programming and ensure long-term stability.
Funder: Florida Department of State
Due Dates: June 1, 2027: State Matching Share application deadline (annual) | June 1, 2027: Notification of Continuing Eligibility deadline (annual) | July 30, 2026: Annual report submission deadline (annual)
Funding Amounts: $240,000 State Matching Share per endowment; requires $360,000 local match for a $600,000 minimum endowment fund; funding is a one-time award per application cycle.
Summary: Supports Florida cultural organizations with state-matched endowment funds to strengthen operational capacity and financial sustainability.
Key Information: Organizations must be designated as a Cultural Sponsoring Organization and raise the required local match before applying for state funds.
Description
The Cultural Endowment Program, administered by the Florida Department of State Division of Arts and Culture, provides an endowment matching funds initiative to help cultural organizations in Florida achieve long-term operational stability. The program requires organizations to first become designated as a Cultural Sponsoring Organization (CSO) and then to raise a local match of $360,000. Upon meeting these criteria, eligible organizations may apply for a $240,000 State Matching Share (SMS), resulting in a permanent endowment fund of at least $600,000. The interest from this endowment supports the organization's cultural programming.
