The unpredictable nature of funding and revenue for festivals and events, coupled with the rising costs of inflation makes sustainable financial management a tricky task. On this episode, we break down the core considerations involved in financial risk management and some best practices festival organizations can implement to minimize, mitigate or eliminate different types of risk.

About Victoria
Victoria is a bilingual non-profit management consultant with 40 years’ experience in arts presenting, community engagement and advocacy. She works with clients and stakeholders to develop strategies, realize innovative projects, and mentor careers. Recent clients include Gladstone Theatre, Culture Outaouais, Ottawa Festival Network, Compassionate Ottawa, Respectful Workplaces in the Arts, PAL Ottawa, and Youth Infringement. She is a part-time cultural management professor and trained facilitator. Her management experience includes 19 years as Managing Director at the National Arts Centre, Executive Director of Arts Network Ottawa, and general manager of three theatre companies. She is currently Chair of Arts Consultants Canada and Treasurer of Cultural Human Resources Council.
OFN acknowledges the generosity of the Canada Council for the Arts for supporting this series.

Land Acknowledgement

Ottawa Festival Network acknowledges that our offices, located in Ottawa, are on the traditional unceded territory of the Anishinaabe Algonquin Nation. The Algonquin peoples have lived on this land since time immemorial. We are grateful to have the opportunity to be present in this territory. We also show our gratitude and respect to them, and to the land for all that it provides us: trees to give shade, water and food to sustain us, and paths to connect us.

Disclaimer

The Advisor is giving a general professional opinion on the subject matter at hand for educational purposes but in no way should this be considered legal advice as the specific circumstances of Viewers are unknown to the Advisor. Viewers are encouraged to use this advice at their own discretion and risk, and to pursue specific professional advice as they deem necessary.
Responsibility for Advice: OFN does not assume responsibility for the advice, coaching, support and any other information (the “Advice”) provided to Viewers through the Advisor-on-Call pilot project.

If you have any feedback or questions about this podcast, send us an email at festforward@ottawafestivals.ca