Connecticut Arts Endowment Fund (CAEF)

Overview

Established by the State of Connecticut in 2003 with an initial investment of $1 million, the Connecticut Arts Endowment Fund (CAEF) provides resources to ensure the long-term stability of Connecticut’s arts industry. Grantees may apply the unrestricted CAEF grant funds toward programming, administrative/operational costs, capital projects, equipment or to build their own endowments.  


Eligibility

Applicants must be:

  • a Connecticut arts organization that has raised more than $15,000 in private-sector contributions (non-governmental sources) for two consecutive fiscal years; and
  • incorporated in Connecticut with 501(c)(3) tax-exempt status for at least two years prior to the application due date.  

See the full CAEF Guidelines for details.   

Funding Details

Grant awards are calculated solely on a formula which compares the amount of private-sector contributions received by the applicant in its two most recently completed fiscal years. This formula is designed to reward organizations that have experienced an increase in the amount of private-sector contributions during the most recent fiscal year. 

Year 1 "Prior Fiscal Year"For the portion of contributions that exceeds $15,000, there shall be a match of 25% of such amount, capped at $250,000. 

Year 2 "Most Recent Fiscal Year" For the portion of contributions that exceeds the total contributions for the prior fiscal year, there shall be a match of 100%, capped at $1 million. 

Each year, interest earned on the Fund's principal is distributed to eligible Connecticut arts organizations. 

Fiscal Year Interest Earned on
CAEF Principal
Number of
Applicants
 2018  $773,539 133 
 2017  $397,354 114
 2016 $385,301 130
 2015 $446,607 117
 2014 $500,064 110
 2013 $620,700 107
 2012 $670,530 101
 2011 $767,183 102
 2010 $852,200 95

 

If in any fiscal year the total amount of matching grants to be paid exceeds the investment earnings of the Arts Endowment Fund, all grants shall be reduced on a pro rata basis.

Funding

Application Deadline 
The application process for FY19 funding is now closed.

Funding Period
April 15, 2019 - October 15, 2019  

Funding Requirements
Applicants are required to:

  • submit the organization's tax returns to substantiate reported contributions using Form 990 or Form 990EZ (Form 990-N (e-postcard) is NOT acceptable); and
  • file their IRS forms with the Internal Revenue Service before the application deadline of December 15th.  

How to Apply

When the process is open, applications must be submitted through an on-line portal. See Application Instructions for details.   

Applicants complete an application and upload the organization's IRS Form 990 or IRS Form 990 E-Z. The FY19 Endowment application will become available in fall 2018.

Contact

For information or if you have questions, contact Rhonda F. Olisky via email at rhonda.olisky@ct.gov.